President Trump has tried to oust Lisa Cook from her role as a Federal Reserve governor over allegations of mortgage fraud, even though she hasn’t been charged with a crime.
The central bank’s cautious approach to defending itself against President Trump is drawing scrutiny as the institution’s independence comes under threat.
To its critics, the Federal Reserve is partly to blame for its predicament, having acquiesced to President Trump to such an extent that the central bank has undermined its own defenses.
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