What a mess. The good news is that according to The Economist, Mr Trump has "tried" to fire Ms. Cook, but the courts will decide. They and many consider this to be illegal, but US courts, in accordance with Mr Trump, have been playing with the law and the Constitution lately.
Thanks so much for being on this! I remember reading a ton of papers on central bank independence in grad school. They all said that CBI is a really good thing. These papers show that independent central banks keep inflation under control, and the authors back it up with data.
Kudos to Cook for saying she isn't going anywhere. She has job security and she's going to use it!
The reasoning given is fallacious. The claims against her hasn't been proven. Markets will see this as brute force bullying. A compromised fed helps no one.
Words related to harassment describe behaviors and actions that are persistently annoying, threatening, or abusive, causing distress or harm to another person. Examples include terms like torment, persecution, molestation, threats, insults, slurs, and persistent criticism, which can be used in various contexts to describe situations where someone is intentionally made to feel unsafe or disrespected.
Yet more moves that will chip away at our reserve currency status and weaken the dollar
What a mess. The good news is that according to The Economist, Mr Trump has "tried" to fire Ms. Cook, but the courts will decide. They and many consider this to be illegal, but US courts, in accordance with Mr Trump, have been playing with the law and the Constitution lately.
Thank you for showcasing the critical importance of an independent Fed in a succinct but yet highly effective manner!
My pleasure. Glad you found it effective! Happy start of the academic year, Sarah.
Thanks so much for being on this! I remember reading a ton of papers on central bank independence in grad school. They all said that CBI is a really good thing. These papers show that independent central banks keep inflation under control, and the authors back it up with data.
Kudos to Cook for saying she isn't going anywhere. She has job security and she's going to use it!
Pressure will mount. Her resilience will be tested. So far, she is standing firm.
The reasoning given is fallacious. The claims against her hasn't been proven. Markets will see this as brute force bullying. A compromised fed helps no one.
Independence is critical!
Words related to harassment describe behaviors and actions that are persistently annoying, threatening, or abusive, causing distress or harm to another person. Examples include terms like torment, persecution, molestation, threats, insults, slurs, and persistent criticism, which can be used in various contexts to describe situations where someone is intentionally made to feel unsafe or disrespected.