-
How the Fed losing its independence could affect Americans’ everyday lives
President Donald Trump’s attempt to fire a member of the Federal Reserve’s governing board has raised alarms among economists and legal experts who see it as the biggest threat to the central bank’s independence in decades. The consequences could impact most Americans’ everyday lives: Economists worry that if Trump gets what he wants — a loyal Fed that sharply cuts short-term interest rates — the result would likely be higher inflation and, over time, higher borrowing costs for things like mortgages, car loans and business loans. Trump on Monday sought to fire Lisa Cook, the first Black woman appointed to ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
Steps by US President Donald Trump to remove Federal Reserve Chairman Jerome Powell or Fed governor Lisa Cook would represent a “very serious danger for the US economy and the world economy”, said European Central Bank President Christine Lagarde on Monday. Trump has repeatedly attacked the Fed’s chair, Jerome Powell, for not cutting the short-term interest ...
From morningstar.com | Aug 31, 2025
Cook and Trump will have to wait for a ruling, with more filings expected President Donald Trump is trying to fire Federal Reserve governor Lisa Cook, shown here in 2022 with her hand raised as she take the oath of office to serve as a member of the Fed's Board of Governors. Federal Reserve governor Lisa Cook and the Trump administration had their day in ...
From pepperstone.com | Aug 31, 2025
Sentiment on near-term market direction can be incredibly fickle, and no more so than in forums or on social media, and even though buying risk at all-time highs over the past two years has consistently led to positive returns, many who are active in the markets feel drawn to shorting risk at the highs and to make that “hero call” that injects a rush and a ...
