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Trump Live Updates: Lutnick Keeps Up Attacks on Fed Governor
Financial markets have so far largely brushed off President Trump’s announcement that he was firing Lisa Cook from the Federal Reserve board, which she has vowed to fight. While investors care deeply about the governance of the Federal Reserve, the annoucement has little immediate impact on the central bank’s policies and therefore little immediate impact on corporate America. Major stock indicies were trading flat, but shorter-dated bond yields did nudge lower, which may reflect slightly higher odds of a more Trump-aligned Federal Reserve.
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theguardian.com
Trump fires Fed governor Lisa Cook after allegation of mortgage fraud
Departure of Cook, first Black woman to sit on central bank’s board, will allow US president to tap replacement
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huffpost.com
Trump Fires Fed Governor Lisa Cook, Opening New Front In Fight For Control Over Central Bank
Trump says he is firing Federal Reserve governor Lisa Cook, a significant escalation in his continued attack on the central bank.
