Trump claims cause to fire Lisa Cook, a Governor of the Federal Reserve Board. He’s crossing the line where he has no authority. He will tank our economy. A Governor left a few weeks ago, already allowing him one Governor spot. Paul Krugman on Rachel Maddow did a good summary if you have access.😢
I truly hope she pushes back
I am wondering how the Federal Reserve Board’s Legal can/will assist her in its role to ensure the ability of the Fed to operate independently. And hoping this will force Republicans in Congress to stop rolling over. In 2016, some did prioritize the Fed’s independence over trump’s tries to kill it.
If out of control inflation occurs, you are going to create the atmosphere of pre WWII Germany. Could that be the objective?