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Trump on Aug. 25 fired Federal Reserve governor Lisa Cook, an unprecedented move that brings the president one step closer to shaping the balance of the Fed's seven-member board in his favor.
Economists have long preferred independent central banks because they can more easily take unpopular steps to fight inflation.
Stay updated with the latest news on the U.S. Federal Reserve. Get comprehensive coverage and analysis of the Fed's monetary ...
President Donald Trump is calling for the Federal Reserve’s board of governors to usurp the power of Fed Chair Jerome Powell By JOSH BOAK - Associated Press Aug 1, 2025 Updated Aug 1, 2025 0 ...
Stephen Miran is President Donald Trump's nominee to become the Federal Reserve's next governor, but his name is largely ...