Trump's Endless Quest for Fed Control Exposes a Larger Threat to Monetary Policy Independence The latest salvo in Donald Trump's campaign to exert influence over the Federal Reserve highlights his disregard for due process and respect for institutions.
His renewed attempt to oust Governor Lisa Cook from the Fed's board of governors, based on an untested allegation of mortgage fraud, raises concerns about her individual fate as well as the erosion of the central bank's independence.
Trump's actions challenge the principles that underpin monetary policy in the United States.