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Tag: Central Bank Independence

Federal Judge Temporarily Blocks Trump’s Firing of Fed Governor Lisa Cook, Citing Independence Concerns

Federal Judge Temporarily Blocks Trump’s Firing of Fed Governor Lisa Cook, Citing Independence Concerns

Federal Judge Temporarily Blocks Trump’s Firing of Fed Governor Lisa Cook, Citing Independence Concerns A federal judge in Washington D.C. has temporarily halted President Trump’s attempt to remove Federal Reserve Governor Lisa Cook, issuing a preliminary injunction late Tuesday night. The ruling represents a significant setback to Trump’s efforts to exert greater influence over the independent central bank, at least for the immediate future. District Judge Jia Cobb granted the injunction, determining that the President’s move to fire Cook likely…

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Federal Court Blocks Trump’s Bid to Fire Fed Governor Lisa Cook, Upholding Central Bank’s Independence

Federal Court Blocks Trump’s Bid to Fire Fed Governor Lisa Cook, Upholding Central Bank’s Independence

Federal Court Blocks Trump’s Bid to Fire Fed Governor Lisa Cook, Upholding Central Bank’s Independence A federal court on Tuesday delivered a significant setback to former President Donald Trump’s attempts to exert greater control over the Federal Reserve, ruling that Governor Lisa Cook can remain in her position while she fights his efforts to remove her. U.S. District Judge Jia Cobb granted Cook’s request for a preliminary injunction, effectively blocking her firing as the legal dispute proceeds through the courts….

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Lagarde Sounds Alarm: Trump’s Fed Meddling Poses ‘Serious Danger’ to Global Economy

Lagarde Sounds Alarm: Trump’s Fed Meddling Poses ‘Serious Danger’ to Global Economy

Lagarde Sounds Alarm: Trump’s Fed Meddling Poses ‘Serious Danger’ to Global Economy European Central Bank President Christine Lagarde has issued a grave warning, stating that any attempt by President Donald Trump to undermine the independence of the US Federal Reserve would present a “very serious danger” to the global economy. Lagarde emphasized that forcing the Fed to yield to political directives would have profoundly “worrying” consequences for economic stability, not just within the United States but worldwide. The warning comes…

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Trump’s Past Battles with the Federal Reserve: A Historical Look at Presidential Power and Central Bank Independence

Trump’s Past Battles with the Federal Reserve: A Historical Look at Presidential Power and Central Bank Independence

Trump’s Past Battles with the Federal Reserve: A Historical Look at Presidential Power and Central Bank Independence As the 2024 election cycle continues, a look back at former President Donald Trump’s unprecedented challenges to the Federal Reserve’s independence during his first term offers critical insights into the potential future of economic policy. Trump frequently targeted then-Fed Chair Jerome Powell, publicly demanding interest rate cuts and even threatening his job. This aggressive stance, including a notable handwritten note urging significant rate…

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