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How Far Could Donald Trump’s Assault on the Federal Reserve Go?

Trump seeks deeper interest rate cuts and attempts to remove Fed Governor Lisa Cook amid rising inflation and economic challenges, facing legal setbacks and limited support within the Federal Reserve.

Summary by The New Yorker
John Cassidy writes that some central-bank veterans are concerned about a scenario in which the President’s appointees gain effective control of the independent agency.
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2 Articles

American ProspectAmerican Prospect
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The Federal Reserve Is Out of Tricks

Today on T And so is Trump’s maneuver to take over the central bank. Even if he were to succeed, there is no good monetary cure for Trump’s economic carnage.

·Washington, United States
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The New YorkerThe New Yorker
Left

How Far Could Donald Trump’s Assault on the Federal Reserve Go?

John Cassidy writes that some central-bank veterans are concerned about a scenario in which the President’s appointees gain effective control of the independent agency.

·New York, United States
Read Full Article
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  • 100% of the sources lean Left
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The New Yorker broke the news in New York, United States on Monday, September 15, 2025.
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