Learn English: Political Fight Over the Federal Reserve (normal)

1 week ago

Political Fight Over the Federal Reserve

President Trump threatened to fire Federal Reserve Governor Lisa Cook, escalating a political conflict.

This follows accusations of mortgage fraud, which Cook denies, creating a legal challenge.

Trump's actions aim to reshape the Fed's leadership and potentially lower interest rates.

Legal experts debate whether the President has the power to remove a Fed governor without cause.

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Source

Original: NY Times (Business)

Tags

#Donald Trump #Federal Reserve #Lisa Cook #Mortgage Fraud #Political Conflict

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