Reported about 13 hours ago
If President Donald Trump successfully removes Governor Lisa Cook from the Federal Reserve Board, he may gain a majority control, allowing him to reshape the Fed's policies significantly. With upcoming reappointments of regional Fed presidents and upcoming challenges to Cook's removal, there are potential pathways for Trump to influence interest rates more in line with his administration's goals. However, legal and procedural hurdles may complicate this effort, as the Fed's independence from political influence is a key principle.
Source: YAHOO