{"id":19212,"date":"2025-08-27T23:15:19","date_gmt":"2025-08-27T23:15:19","guid":{"rendered":"https:\/\/lonecandle.com\/?p=19212"},"modified":"2025-08-27T23:15:19","modified_gmt":"2025-08-27T23:15:19","slug":"how-cooks-dismissal-would-upend-the-fed","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=19212","title":{"rendered":"How Cook\u2019s dismissal would upend the Fed"},"content":{"rendered":"\n

“Senate Republicans have already said they plan to move quickly to confirm<\/a> Trump\u2019s Council of Economic Advisers Chair Stephen Miran to fill one current vacancy. If Cook loses a pending legal challenge and is dismissed \u2014 and her replacement is confirmed by the GOP-controlled Senate \u2014Trump-appointed Fed governors would hold four of the seven seats on the central bank\u2019s board.  <\/p>\n\n\n\n

That majority, in turn, would be enough to control the reappointment of the 12 regional bank presidents throughout the country who also have a say on rates and whose five-year terms are scheduled to expire in February.<\/p>\n\n\n\n

And that, in effect, could give Trump control of the Fed\u2019s policy-making Federal Open Market Committee, whose refusal to lower interest rates throughout his second term has put the president on the warpath with Fed Chair Jerome Powell. Any exertion of White House control over the reappointment process for regional bank presidents would represent an extraordinary break in precedent.”<\/p>\n\n\n\n

https:\/\/www.politico.com\/news\/2025\/08\/27\/how-cooks-dismissal-would-upend-the-fed-00527582<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

“Senate Republicans have already said they plan to move quickly to confirm Trump\u2019s Council of Economic Advisers Chair Stephen Miran to fill one current vacancy. If Cook loses a pending legal challenge and is dismissed \u2014 and her replacement is confirmed by the GOP-controlled Senate \u2014Trump-appointed Fed governors would hold four of the seven seats on the central bank\u2019s board. <\/p>\n

That majority, in turn, would be enough to control the reappointment of the 12 regional bank presidents throughout the country who also have a say on rates and whose five-year terms are scheduled to expire in February.
\nAnd that, in effect, could give Trump control of the Fed\u2019s policy-making Federal Open Market Committee, whose refusal to lower interest rates throughout his second term has put the president on the warpath with Fed Chair Jerome Powell. Any exertion of White House control over the reappointment process for regional bank presidents would represent an extraordinary break in precedent.”<\/p>\n

https:\/\/www.politico.com\/news\/2025\/08\/27\/how-cooks-dismissal-would-upend-the-fed-00527582<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[1104,864,790,431,660,221,217,165,1316,682,1213,1407,201,1255,528,586,587,170],"class_list":["post-19212","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-authoritarianism","tag-autocracy","tag-courts","tag-democracy","tag-dictatorship","tag-donald-trump","tag-economics","tag-economy","tag-inflation","tag-interest","tag-judiciary","tag-prices","tag-rule-of-law","tag-separation-of-powers","tag-supreme-court","tag-the-fed","tag-the-federal-reserve","tag-trump"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/19212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19212"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/19212\/revisions"}],"predecessor-version":[{"id":19213,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/19212\/revisions\/19213"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}