Is it possible that inflation would actually be lower if President Donald Trump took over the Federal Reserve? While some critics believe a potential Trump takeover of the Fed would result in higher inflation and higher interest rates, not everyone is convinced.
In fact, the bond market showed a very different sign when Trump targeted Fed Governor Lisa Cook, accusing her of mortgage fraud, and promptly fired her, a decision that is currently being challenged in court. The Department of Justice is investigating the mortgage fraud allegations against Cook, according to media reports. A federal court ruled that Cook can keep her job, but Trump is appealing the ruling.
