Reported about 24 hours ago
President Trump's attempt to fire Federal Reserve board member Lisa Cook has raised concerns over the central bank's independence, potentially affecting inflation and borrowing costs for Americans. Economists fear that Trump's desire for a more controllable Fed, and significant interest rate cuts, could lead to sustained inflation and higher costs for mortgages and loans. The situation highlights the delicate balance between political influence and the Fed's need to operate independently to maintain economic stability.
Source: YAHOO