#Firstpost Trump Targets Fed Governor, Risks Politicising U.S. Central Bank | Vantage with Palki Sharma
Donald Trump has fired Lisa Cook, a U.S. Federal Reserve governor and the first Black woman to hold the role. The move signals an escalation in his campaign against the central bank’s independence. Trump accuses Cook of fraud, but she’s refusing to step down and is preparing legal action. The unprecedented step could undermine global trust in the Fed, weaken the U.S. dollar, raise borrowing costs, and stoke inflation. Economists warn this could mirror crises seen in countries like Türkiye, where political interference triggered economic collapse. Trump’s actions risk turning the world’s most powerful central bank into a political battlefield.
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Donald Trump | US Federal Reserve | Lisa Cook | US Central Bank | Firstpost | World News | News Live | Vantage | Palki Sharma | News
#donaldtrump #usfederalreserve #lisacook #uscentralbank #firstpost #vantageonfirstpost #palkisharma #worldnews
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