By Francesco Canepa
U.S. President Donald Trump’s attacks on Federal Reserve policymakers are emerging as the biggest threat in decades to central bank independence, which is widely seen as key to keeping down inflation and maintaining stability in the global financial system.
Trump’s unprecedented threat to fire Fed governor Lisa Cook over alleged mortgage-related improprieties and his relentless pressure on Fed chair Jerome Powell to cut interest rates are already testing the boundaries of presidential power over the U.S. central bank.
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