White House Influence on Fed Board in Spotlight
Lawmakers held a hearing for a Trump adviser to join the Fed days after he fired a governor, sparking a court battle over presidential power and the Fed’s long-held independence.
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Trump’s Shock Move: Fed Governor Cook Fired, Markets Tumble
U.S. President Trump’s unprecedented move to fire Fed Governor Lisa Cook over mortgage claims spooked markets worldwide, as stocks from Wall Street to Asia took a hit.