Analysis | The Implications of a Trump Presidency at the Federal Reserve

Trump's Action Against the Federal Reserve: President Trump has fired Fed Governor Lisa Cook in an attempt to exert control over the Federal Reserve.

Independence of the Central Bank at Risk: The move raises concerns about the independence of the central bank, which may be compromised as a result.

Legal Challenge from Cook: Lisa Cook plans to challenge her removal legally, potentially leading to a significant court case.

Avoiding Direct Conflict with Powell: Trump has refrained from firing Fed Chair Jerome Powell to avoid market instability and prolonged legal disputes.