Trump Aims to Win Majority on Fed Board With Attempt to Oust Lisa Cook
President Donald Trump is attempting to oust Federal Reserve Governor Lisa Cook, which would give him the opportunity to appoint a majority on the seven-member board of the US central bank. The move is seen as an effort by Trump to exert more influence over the Federal Reserve's decision-making. Cook, who was confirmed by the Senate in May 2022, is the first Black woman to serve on the Fed's board. Her potential removal would allow Trump to nominate a candidate more aligned with his economic views. This comes as the Fed continues to raise interest rates in an effort to combat high inflation, a move that has drawn criticism from the Trump administration. The article highlights the ongoing tension between the White House and the central bank, as the president seeks to shape the composition of the Federal Reserve's leadership.
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