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Donald Trump vs Federal Reserve: US President bid to fire governor alarms economists; independence seen 'hanging by a thread'

IndiaTimes Sunday, 31 August 2025 ()
President Trump's attempt to oust Fed Governor Lisa Cook sparks a battle over the central bank's independence, raising alarms about political interference. Economists fear that yielding to political pressure could destabilize markets and trigger inflation. The clash intensifies the debate over the Fed's autonomy versus accountability, as markets brace for potential turbulence amid looming reforms.
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