Reported about 7 hours ago
President Trump is attempting to fire Federal Reserve Governor Lisa Cook, which may lead to significant changes in the central bank's leadership and policies. With a critical deadline approaching next February when regional Fed presidents' terms expire, Trump's success could result in building a majority of allies on the Board of Governors, supporting his push for lower interest rates. Economic analysts caution that while he might influence discussions towards rate cuts, capturing a majority in the Federal Open Market Committee remains uncertain.
Source: YAHOO