President Trump vs. the Fed: Larry Summers Warns of a Credibility Crisis

We start with the continuing battle over the Federal Reserve, as President Trump insists that Governor Lisa Cook must go and Ms. . Cook refuses to leave, even as the president's nominee to replace another governor heads toward Senate confirmation. Our special contributor Larry Summers has consistently expressed his concerns about Fed independence, but so far, the markets have been calm.So, Larry, continued focus on the Federal Reserve as the proceedings with respect to Governor Cook-- Lisa Cook--as Presiden ...