Lisa Cook and the fight for the Fed

丽莎·库克与美联储之战

Planet Money

2025-08-30

22 分钟
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单集简介 ...

The Federal Reserve has been under intense pressure from President Donald Trump as he pushes for more control over the historically independent agency. The Fed is tasked with keeping inflation and unemployment under control, and it’s supposed to be insulated from politics so it can do whatever is necessary for the economy. But Trump has been openly saying he wants interest rates to be lower. A lot lower. And on Monday, Trump posted a bombshell. He said that he was removing Federal Reserve governor Lisa Cook, “for cause.” Lisa Cook has told NPR she intends to remain in office, and is now suing Trump.  On today’s show: inside the Fed Board of Governors. How realistic is a plan to control monetary policy through loyalists on the Board? We hear from former Board governors to understand what the job is, and what we might be in for.  Further listening on the Fed and Fed independence: - A primer on the Federal Reserve's independence - Happy Fed Independence Day - The case for Fed independence in the Nixon tapes - A Locked Door, A Secret Meeting And The Birth Of The Fed - Trump's unprecedented attack on the Fed - Turkey's runaway inflation problem  - Should presidents have more of a say in interest rates? Listen free at these links: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts. Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter. Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney. Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy
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  • This is Planet Money from NPR.

  • On Monday evening, Brendan Greeley is in his home office in Maryland,

  • finishing up a book he's been working on forever.

  • I was sitting right here.

  • I was sitting in this chair.

  • This dog was sitting next to me.

  • I was editing a document that is still open about the creation of euro dollars.

  • Brendan is getting his PhD at Princeton,

  • and he has been studying the long, long arc of financial history.

  • His almost-finished book is a 500-year history of the dollar.

  • But for 20 years, he was a journalist, a Fed watcher.

  • He's covered the Federal Reserve, the nation's central bank.

  • So on Monday, he's working away.

  • And you opened Blue Sky to procrastinate.

  • Yes, that's exactly what I did.

  • I opened Blue Sky to procrastinate.

  • And that's when you saw it.

  • And that's when I saw that Donald Trump had declared that he had fired Lisa Cook.

  • Dr. Lisa Cook is an economist.

  • She was appointed by President Biden to the Federal Reserve Board of Governors.