《华尔街日报》社评“特朗普掌控美联储”：他或许会成功，但国家终将后悔

Core Viewpoint - The article discusses the implications of Trump's dismissal of Federal Reserve Governor Lisa Cook, suggesting it is part of a power struggle to control monetary policy, potentially sacrificing the Fed's independence [1][5]. Group 1: Dismissal of Lisa Cook - Trump's firing of Cook is seen as a calculated move to assert control over the Federal Reserve, which may undermine its independence [1]. - Cook plans to sue Trump over her dismissal, indicating a significant legal battle ahead that could set a precedent [1][3]. - The dismissal is framed as a "power grab," with prior actions by Bill Pulte, the head of the FHFA, laying the groundwork for Cook's removal [1]. Group 2: Legal and Institutional Implications - The article questions whether the President has the authority to dismiss a Federal Reserve Governor at will, highlighting the ambiguity in federal law regarding "cause" for dismissal [3][4]. - If Trump succeeds in this legal battle, it could lead to a precedent where he can dismiss other board members, effectively controlling the Federal Open Market Committee (FOMC) [5][6]. - Historical examples are cited, such as the inflation crises in Turkey and Argentina, to illustrate the dangers of politicizing the Federal Reserve [6]. Group 3: Future Risks and Consequences - The article warns that Trump's actions, driven by personal political interests, could lead to a loss of the Fed's independence, with long-term negative consequences for the country [5][6]. - It suggests that Trump could have pursued changes through normal channels, such as nominating new board members, rather than instigating a legal conflict [6]. - The conclusion emphasizes that if Trump gains control over the Fed, he and the Republican Party will bear responsibility for any resulting economic consequences, including potential inflation [6].