A statement released by Donald Trump has reportedly dismissed Lisa Cook, a journalist with Bloomberg, following a recent article criticizing the Federal Reserve’s monetary policy. This action comes as little precedent; no Fed governor has been dismissed for cause prior to this occurrence. The Trump administration has indicated a desire to exert greater control over the Federal Reserve’s decisions and has repeatedly questioned its effectiveness. The dismissal is being viewed by some as a deliberate escalation of a broader strategy to influence the economy. The specific details of the disagreement remain undisclosed.
Credits: Finance & economics