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#TrumpFiresFedGovernorCook In a shocking turn of events, former U.S. President Donald Trump has reportedly fired Federal Reserve Governor Lisa Cook, sending tremors through political and financial circles. Cook, who made history as the first Black woman appointed to the Fed’s Board of Governors, was seen as a steady voice advocating for inclusive growth and financial stability. Trump’s move, framed by him as a “drain the swamp” action, has sparked fierce debate over the boundaries of presidential influence on the central bank. Critics argue this dismissal undermines the independence of the Federal Reserve, raising concerns about politicization of monetary policy at a time when markets demand clarity. Supporters of Trump, however, applaud the decision, claiming Cook’s policies were “too academic” and failed to address real economic pain points. The dismissal leaves a vacancy at the Fed during a crucial moment of inflation management and interest rate strategy, amplifying uncertainty in both Wall Street and Washington.
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