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The president’s attacks on the central bank’s independence could undermine investor confidence in the institution at a crucial time.
By Andrew Ross SorkinBernhard WarnerSarah KesslerMichael J. de la MercedDavid MeyerIan Mount and Lauren Hirsch
Andrew here. A lot has happened in the past week, but let’s focus on an especially serious situation: the fight between President Trump and Lisa Cook, the Fed governor. What many fail to recognize is that this isn’t just a skirmish over one person, but a broader effort to fundamentally reshape the central bank.
