Trump Criticizes Fed's Independence

The U.S. Supreme Court dealt a blow to Donald Trump's efforts to impeach Federal Reserve Chair Lisa Cook, confirming that attempts to remove her cannot be carried out under the procedures adopted by the administration, because she is protected by legal safeguards that aim to preserve the independence of the U.S. central bank. This ruling comes in the context of a broader escalation between Trump and the Federal Reserve, particularly regarding interest rate decisions. While Trump believes that rate cuts are necessary, the Fed insists that its decisions are based on economic data, placing the central bank's independence at a significant legal and political crossroads.

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