The Fed was designed to function insulated from political strain in order that it might make powerful choices based mostly on knowledge and the long-term well being of the financial system, not the whims of anyone president. This outrageous and unprecedented try to fireside a member of the impartial Federal Reserve on the flimsiest of unproven pretexts is clearly the newest scheme from a president decided to subvert the establishments which have saved our democracy sturdy and our financial system the envy of the world.
— Sen. Mark R. Warner (D-VA), a member of the Senate Finance and Banking committees and Harvard Regulation Faculty grad, sounds off on the awful justification President Donald Trump made in his try to fireside Fed. Governor Lisa Cook dinner.
