Trump's making a direct effort to undermine the Fed's independence, says Roger Ferguson
CNBC Televisionยท2025-08-27 20:02
Our next guest is a former Fed vice chair. He's now a CNBC contributor. Roger Ferguson joins us now.It's good to see you. Welcome to our show. Thank you.Nice to be here. What do you make of this whole Lisa Cook story. Well, look, I think you put in the right context.This is really a story about trying to undo what has been 90 years of Fed independence. What most people don't know is 90 years ago in 1935 the Congress restructured uh the Fed. It removed uh executive authority, executive branch authority by ta ...