By Christopher Rugaber

WASHINGTON (AP) — President Donald Trump’s attempt to fire a member of the Federal Reserve’s governing board has raised alarms among economists and legal experts who see it as the biggest threat to the central bank’s independence in decades.

The consequences could impact most Americans’ everyday lives: Economists worry that if Trump gets what he wants — a loyal Fed that sharply cuts short-term interest rates — the result would likely be higher inflation and, over time, higher borrowing costs for things like mortgages, car loans and business loans.

Read more: • Law advocates slam Ottawa for silence on Trump sanctioning Canadian ICC judge • Trump turns $11.1B in US government funds into a 10% stake in downtrodden Intel • U.S. federal appeals court rules many T

See Full Page