《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 argues that Trump's dismissal of Fed Governor Lisa Cook is a calculated power grab aimed at controlling monetary policy, potentially sacrificing the remaining independence of the Federal Reserve [1][5][10] Group 1: Dismissal of Lisa Cook - Trump's action to dismiss Cook is characterized as a "well-planned coup" against the Federal Reserve, threatening the independence of the institution [1][5] - Cook's potential lawsuit against Trump for her dismissal could lead to a landmark legal battle, highlighting the tension between presidential power and the independence of the Fed [1][3] Group 2: Legal and Political Implications - The article questions whether the president can arbitrarily dismiss a Fed governor, emphasizing the legal ambiguity surrounding the term "for cause" in federal law [4][6] - If Trump succeeds in this legal battle, it could set a precedent allowing him to dismiss other board members, effectively controlling the Federal Open Market Committee (FOMC) [7] Group 3: Historical Context and Risks - The article draws parallels to historical instances where political interference in central banking led to economic turmoil, citing examples from Turkey and Argentina, as well as the U.S. experience during Nixon's presidency [8] - It warns that Trump's desire to control the Fed could have long-term negative consequences for the economy, particularly if future administrations exploit a politically pliable Fed [9][10]