Questions About the Fed’s Renewal and More Trump Influence on Monetary Policy: The Possible Effects of Cook’s Removal

The Experts' Opinion

Date:

Pixabay CC0 Public Domain

Author: Rocío Martínez

The removal of Governor Lisa Cook is interpreted by some experts as an intensification of Trump's efforts “to take control of the Fed”

The United States could experience economic consequences similar to those seen in Turkey when President **Erdogan** decided to influence monetary policy

Cook's position is important because it could shift the voting majority of the Board of Governors on issues such as the appointment of Federal Reserve Bank presidents