New York —
If President Donald Trump successfully ousts Lisa Cook from her role as a Federal Reserve governor, it could give him a path to radically reshape the US central bank in an unprecedented way to achieve his goal of lower interest rates.
Trump, during his marathon Cabinet meeting on Tuesday, made a curious comment that hinted at this desire.
“We’ll have a majority very shortly and that will be great,” Trump said of the Fed Board.
If Cook’s firing withstands a likely legal challenge , Trump could indeed claim a majority of the seven members of the Fed’s powerful Board of Governors.
In addition to Cook’s seat, Trump has tapped loyalist Stephen Miran to fill a sudden vacancy. And during his first term, Trump nominated current Fed governors Christopher Waller and Michelle