A Fracture at the Federal Reserve
Update: 2025-08-26
Description
In the United States, presidents have often bristled at the Federal Reserve. Richard Nixon leaned on Arthur Burns to keep money flowing ahead of his reelection. Lyndon Johnson dragged William McChesney Martin to his Texas ranch to browbeat him over interest rates. But Donald Trump's latest move - firing Federal Reserve Governor Lisa Cook - crosses into unfamiliar territory...
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