The first battle in the war on Fed independence takes shape today in Lisa Cook’s emergency hearing
via fortune.com
Short excerpt below. Read at the original source.
ANALYSIS: Fed Governor Lisa Cook sued President Trump after he claimed to remove her from office, setting up an emergency court hearing today over the central bank’s independence. Markets so far expect her to prevail, with Deutsche Bank’s Jim Reid noting traders see little risk of her being ousted, while Wharton’s Jeremy Siegel said the […]