Trump’s Attack on Fed Independence Threatens American Economic Stability

In a historic and troubling escalation, President Donald Trump has sought to remove Lisa Cook from the Federal Reserve’s governing board—the first attempt in over a century to fire a sitting Fed governor. This act is not simply about one individual; it represents a direct assault on the very principle of an independent central bank designed to shield our economy from short-term political whims. Why Does Fed Independence Matter for Everyday Americans? The Federal Reserve controls critical levers that impact mortgage rates, car loans, and business financing. Its independence safeguards America’s economic stability by enabling decisions grounded in expertise rather...