Playbook: “It’s a massive moment for the nation and the economy. Trump’s actions suggest he has his eye on a far more ambitious prize than just replacing Fed Chair Jerome Powell when his term ends next May. Instead, the president appears to want total control over the bank’s interest-rate setting structures. Firing Cook now would give Trump a majority of appointees on the Fed’s seven-person board, ahead of a key moment next year when the board reappoints the independently chosen regional chairs who make up the rest of the voting bloc.”
“The bottom line: Plenty of Fed watchers believe we’re seeing the greatest threat to its independence in generations.”
Associated Press: Why the Federal Reserve has historically been independent of the White House.
New York Times: Can Trump fire a Fed governor?
?Political Trivia
Eight moments in political history. Put them on a timeline.
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Five senators. Three bills. Can you guess how they all voted?
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Nine Justices. One case. How did they rule?
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Do you have your finger on the pulse of America?
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Four questions a day.
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A new game every day.