Global Markets Waver After Trump Dismisses Fed Governor Lisa Cook, Raising Alarms Over Central Bank Autonomy
Trump’s Move Sparks Legal and Political Turmoil U.S. President Donald Trump made headlines by abruptly removing Federal Reserve Board member Lisa Cook from her position, effective immediately. The White House cited allegations that Cook had misrepresented ownership of two residential properties in 2021 to secure favorable mortgage terms—claims that she strongly denies. Cook, who was … Read more