US EditionHow Much Danger Is America’s Central Bank In?
12 Articles
12 Articles
Aug. 26—President Donald Trump's decision to fire Federal Reserve Chairman Lisa Cook has marked a dramatic escalation in his efforts to control the U.S. central bank. A stance that jeopardizes the…
The Conversation
Trump’s push to fire Fed governor threatens central bank independence − and that isn’t good news for sound economic stewardship (or battling inflation)
The fate of Lisa Cook, who is fighting attempts by President Donald Trump to remove her from the Federal Reserve’s Board of Governors, has huge implications for a keystone of good economic policy: central bank independence. At the heart of her firing attempt – and other moves to undermine the Fed by the Trump administration – is a power struggle. Central banks, which are public institutions that manage a country’s currency and its monetary polic…
Every investment decision, even in Finland, is based on trust that central banks will keep their promises. That is why Trump's announcement arouses fear, writes economic journalist Anni Lassila.
Whether U.S. President Donald Trump prevails with the dismissal of Fed Governor Lisa Cook is open. If he succeeds, the independence of the world's most important central bank is history.
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