Recent reports indicate that former President Donald Trump has dismissed Lisa Cook, a Federal Reserve economist, following a series of comments. The dismissal has sparked debate within the financial community regarding potential repercussions for the Federal Reserve’s monetary policy. Legal experts have noted that this action represents a rare occurrence, as no Fed governor has been formally dismissed for cause prior to this action. The incident is being viewed as a further escalation in the ongoing conflict between the White House and the Federal Reserve. The matter is currently under review by legal and policy analysts.
Credits: Finance & economics