Trump’s Attempt to Fire Fed Governor Threatens Federal Reserve Independence
The Trump administration’s unprecedented move to remove Federal Reserve Governor Lisa Cook signals a dangerous attack on the Fed’s independence, risking politicization of America’s economic policymaking.
In a bold challenge that strikes at the core of American economic stability, Federal Reserve Governor Lisa Cook has filed a lawsuit seeking to block her dismissal by former President Donald Trump. This lawsuit is not just a personal legal fight—it represents a critical battle over the independence of one of the nation’s most vital institutions responsible for managing our economy. Is Political Interference Undermining America’s Economic Safeguards? The Federal Reserve has long stood as a bulwark against political whims, ensuring that monetary policy decisions like setting interest rates remain free from partisan pressures. For 112 years, no president dared...
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