Former President Trump's claim to have fired Federal Reserve Governor Lisa Cook has sparked intense debate about central bank independence and constitutional authority. The unprecedented move threatens to destabilize financial markets and raises serious legal questions about presidential powers over the Federal Reserve.
finance and economy - In a dramatic development that has sent shockwaves through financial markets and policy circles, former President Donald Trump has claimed to have fired Federal Reserve Governor Lisa Cook, raising fun...
This unprecedented challenge to Fed independence could have far-reaching consequences for monetary policy and market stability. The move may force Congress to clarify and potentially strengthen legal protections for Fed governors. Markets will likely face increased volatility as investors grapple with uncertainty about central bank autonomy under potential future administrations.