President Donald Trump said Friday he will fire Federal Reserve Governor Lisa Cook if she does not resign from her position, CNBC reports.
Said Trump: “What she did was bad.”
Bloomberg: “If Cook is forced off the Fed board, it would give Trump the chance to shape it in his favor and exert more influence over US monetary policy. The move would also strike at the heart of the central bank’s independence.”
“An opening would pave the way for four of the seven slots on the Fed’s board to be filled by Trump appointees.”
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