Cook Keeps Job For Now, Court Expands Trump Firing Power, More

Bloomberg reports two policy/legal developments: Fed official Cook reportedly keeps his job for now, while a court decision expands Trump’s power to fire officials. The items are politically sensitive and may affect perceived Fed independence, but the article excerpt provides no quantifiable economic impact.

Analysis

Bloomberg reports two policy/legal developments: Fed official Cook reportedly keeps his job for now, while a court decision expands Trump’s power to fire officials. The items are politically sensitive and may affect perceived Fed independence, but the article excerpt provides no quantifiable economic impact.