Trump's DOJ Targets Fed Governor Lisa Cook

Anytime a member of the board is being personally attacked by the president, it does jeopardize the political independence of the Fed. That's for sure. What's a little bit tricky is that there are some actions taken by the board that require a simple majority. There are others that require a five vote supermajority.So the more seats Trump can claim, the more he can undertake certain actions uh including adjusting the discount rate which is decided by the board of governors rather than by the FOMC. And I thi ...