Home Civic Power Fox Business reporter admits Trump’s effort to oust Federal Reserve governor is about political control

Fox Business reporter admits Trump’s effort to oust Federal Reserve governor is about political control

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Fox Business reporter admits Trump’s effort to oust Federal Reserve governor is about political control

LYDIA HU (FOX BUSINESS CORRESPONDENT): Let’s take a look at the broader context here and the makeup of the Federal Reserve Board of Governors. Currently, the seven-member board made up of four Democrat appointees, including Cook. You can see them here on the left. Two Trump appointees, including a vacant seat that Trump will get to fill, seen on the right. So, that means a successful removal of [Federal Reserve governor Lisa Cook] would give President Trump another opportunity to make an appointment to the Fed Reserve and shift that balance; four Trump appointees to three. So, wrapped up in this case, important legal issues as well as the balance and makeup of the Federal Reserve.

Great Job Media Matters for America & the Team @ Media Matters for America Source link for sharing this story.

#FROUSA #HillCountryNews #NewBraunfels #ComalCounty #LocalVoices #IndependentMedia

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