Trump suffers setback in bid to fire Fed governor
Sky News·2025-09-10 14:12
Donald Trump's bid to fire a US central bank rate-setter has suffered a setback after a federal judge blocked the move.The president revealed last month that he was removing Lisa Cook from her post at the Federal Reserve on alleged mortgage fraud grounds. The move was widely seen by commentators as a bid to destroy the Fed's independence through the appointment of a new governor who would support his bid for interest rate cuts to boost the trade war-hit US economy.Money latest: Newspaper group confirms job ...