#presidential-interference

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fromFortune
16 hours ago

The Fed's independence is hanging by a thread, and this 'nuclear' scenario would signal 'things are truly going off the rails,' economists say

A presidential attempt to remove a Fed governor threatens Federal Reserve independence and risks higher inflation and borrowing costs if political control forces rate cuts.
US politics
fromwww.theguardian.com
6 days ago

Trump moves to fire Fed governor Lisa Cook after mortgage fraud allegation

Donald Trump removed Fed governor Lisa Cook over unproven mortgage-fraud allegations, escalating pressure to influence Fed independence and steer interest-rate policy.
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