Supreme Court Decision Could Impact Fed's Independence

President Trumps push for interest rate cuts and his threat to fire Fed Chair Jerome Powell have been largely ignored by Wall Street. However, a Supreme Court decision on Trumps attempt to fire Fed Governor Lisa Cook could change that. The markets confidence in the Feds ability to manage inflation and maintain independence is at stake, as the outcome of this case will significantly impact the central banks future. The names being considered to succeed Powell as Fed chair also dont seem to worry investors about the Feds independence.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.