Trump’s threat to fire Fed Gov. Cook could lead to higher interest rates

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U.S. Economy

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Wooden cubes with FED and up-down arrows over 100 usd. Fed rate hike concept to curb inflation

Former Federal Reserve Governor Frederic Mishkin warned that President Trump’s move to fire Federal Reserve Governor Lisa Cook could actually lead to higher interest rates, not lower ones, as Trump might hope.

During a CNBC interview, Mishkin characterized the potential firing

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Trump’s threat to fire Fed Gov. Cook could lead to higher interest rates

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