Roger Ferguson Discusses Fed Independence

Former Federal Reserve Vice Chairman Roger Ferguson appeared on ‘Squawk Box’ to analyze President Trump’s decision to fire Federal Reserve Governor Lisa Cook. Ferguson emphasized the importance of maintaining Fed independence amidst political pressures and discussed potential implications for interest rate policies.

Impact on Rate Path Outlook

Ferguson provided insights into how Cook’s dismissal could affect the Federal Reserve’s trajectory on interest rates. He highlighted that such political interventions may lead to uncertainties in monetary policy, ultimately impacting economic stability and market confidence.