Trump’s push to fire Fed governor threatens central bank independence − and that isn’t good news for sound economic stewardship (or battling inflation)

By Ana Carolina Garriga, Professor. Department of Government, University of Essex
Cristina Bodea, Professor of Political Science, Michigan State University

The fate of Lisa Cook, who is fighting attempts by President Donald Trump to remove her from the Federal Reserve’s Board of Governors, has huge implications for a keystone of good economic policy: central bank independence.

At the heart of her firing attempt – and other moves to undermine the Fed by the Trump administration – is a power struggle. Central banks, which are…

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