Fed power shift in play Trump moves to remove Fed Gov. Lisa Cook.
◆ If Cook is out → Trump appointees hold 4/7 seats ◆ First ever Trump majority inside the Fed ◆ Trump pushing for 300 bps rate cuts = aggressive easing ahead ◆ Cook’s term runs till 2038 → unprecedented challenge
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Fed power shift in play Trump moves to remove Fed Gov. Lisa Cook.
◆ If Cook is out → Trump appointees hold 4/7 seats
◆ First ever Trump majority inside the Fed
◆ Trump pushing for 300 bps rate cuts = aggressive easing ahead
◆ Cook’s term runs till 2038 → unprecedented challenge
#trump #Powell Turns Dovish #Trump Ousts Fed Governor Cook