Trump Fires Fed Governor Lisa Cook

Former President Donald Trump has fired Federal Reserve Governor Lisa Cook, sparking discussions about the implications for the Fed’s independence and the economy. Analysts Frederic Mishkin and Tomas Philipson shared insights on the potential impact of this decision on monetary policy.

Expert Opinions on Economic Impact

Mishkin and Philipson emphasized that the removal of Cook could destabilize the Fed’s credibility. Concerns have been raised about how this change might affect interest rates and inflation, with ongoing debates surrounding the Fed’s role in managing economic stability.