After months of demands for lower interest rates, President Donald Trump is <a href="https://www.wsj.com/economy/central-banking/uncharted-waters-trumps-attempt-to-take-charge-of-the-fed-a2548461?mod=hp_lead_pos1?mod=WSJ_TJPOD">attempting to fire </a>Federal Reserve governor Lisa Cook in the most dramatic step yet in <a href="https://www.wsj.com/economy/central-banking/fed-chair-powell-trump-pressure-2acf8e3b?mod=article_inline?mod=WSJ_TJPOD">his efforts to take control </a>of the independent central bank. As WSJ’s <a href="https://www.wsj.com/news/author/matt-grossman?gaa_at=eafs&gaa_n=ASWzDAgScHB5tkUYxwimSujDs2L7gY9pIPezLEB7AtKA4jHDPgTl2v14bswBjTxZ8L0%3D&gaa_ts=68ae10b5&gaa_sig=lW4ZUS-dG5yVQa-Vq8XqKPh13ypSIphMP2B4OY5F-tFRp-0apZWq7qdun6U2U-DBVyLkzcByGPad3OGxJ7KMBw%3D%3D?mod=WSJ_TJPOD">Matt Grossman</a> explains, the move could allow Trump to alter the makeup of the board enough to potentially outvote Fed Chair <a href="https://www.wsj.com/economy/central-banking/federal-reserve-officials-jackson-hole-8a559e1b?mod=article_inline?mod=WSJ_TJPOD?mod=WSJ_TJPOD">Jerome Powell</a> and recast the Fed in his image. <a href="https://www.wsj.com/news/author/jessica-mendoza?gaa_at=eafs&gaa_n=ASWzDAgLDO3Vb_F1pjKw42Gol9iHOrFQjS-N-cjo-GOy5Ww_YC9Dhr_vlHiguzQn11Y%3D&gaa_ts=68ae10a6&gaa_sig=B-A8Xs_lpBTcZcH03c3WI3fP6SXOGFcW-J-2oP1qsYwgMk9QdL4klgftngi7jJPbnneGmro_U_bCtzQnweLWtA%3D%3D?mod=WSJ_TJPOD">Jessica Mendoza</a> hosts.Further Listening: - <a href="https://open.spotify.com/episode/6yYZsQu2KXwDceseQE4X4z?si=7a5f0eea05b448bb">Who Will Be the Next Fed Chair? Maybe Kevin</a>- <a href="https://open.spotify.com/episode/2t6xUDxZnHRV1e0h5c4Xku">Why Trump Pushed His Tariff Deadline</a>Sign up for WSJ’s free <a href="https://www.wsj.com/newsletters/whats-news?mod=WSJ_TJPOD">What’s News newsletter</a>.
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