Fed's Independence Under Siege as Trump Cranks Up Pressure on Cook The latest salvo in President Donald Trump's ongoing battle with the Federal Reserve has left many wondering if the central bank can maintain its independence in a climate of unprecedented presidential interference.
Last week, Trump again criticized Lisa Cook, one of seven Fed governors, over alleged mortgage irregularities. This criticism comes despite a Supreme Court ruling against Trump on similar allegations earlier this year.
It seems unlikely that his latest demand will have any concrete impact on Cook's tenure. Yet the incident serves as a stark reminder of the increasingly fraught relationship between the White House and the Fed.