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politics1d ago
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Highlights
- Analysts view Cook's ouster as part of White House efforts to assert policy control over a central bank.
- fiscal dominance, in which central bank policy becomes more dictated by governments need to keep borrowing costs low to service huge debts.
- The firing is framed as a continuation of political tensions over the Fed's independence and its role in shaping economic policy.
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References
'You Don’t Have the Authority, I Will Not Resign': Fed Governor Lisa Cook Defies Trump’s Firing Attempt

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Trump reckons the Fed has too many Cooks | Latest US politics news from The Economist

Read Trump’s Directive Firing Lisa Cook From Fed Role

Trump follows through on threat to fire Federal Reserve governor

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