President Trump fired Federal Reserve governor Lisa Cook on Monday, as the White House attempts to exert more influence over the central bank.Why it matters: It is a legally dubious move that further threatens the central bank’s political independence.
It has never happened before, so no one knows how any wrangling over the legality of firing Cook will play out, nor what it will mean for the Fed in the meantime.
You may be right. Then again, several coup attempts have failed in the past. Hopefully, even the lunatics currently in power won’t be able to stem the massive tide next November.