world-economy

Federal Reserve Faces Fresh Political Pressure as Trump Weighs Leadership Changes

Federal Reserve Governor Lisa Cook rejected allegations of mortgage fraud as President Donald Trump indicated he may pursue efforts to remove her from the central bank's board. The potential move would reignite contentious debate over presidential authority over the Fed's governance structure. Trump's consideration of leadership changes at the central bank comes as global monetary policy shifts. The Bank of Japan's deputy governor signaled openness to a potential interest rate increase, while Uzbekistan's central bank governor indicated that a rate cut may be possible this year. The Fed's independence from political influence remains a focal point as economic headwinds persist.