Analysis of President Trump’s Attempt to Fire Fed Governor Lisa Cook | EWTN News Nightly

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In the Federal Reserve’s 111-year history, no board member has ever been fired by a president. Federal Reserve Governor Lisa Cook is challenging President Trump’s move by filing a lawsuit. Cook says she will continue doing her job unless a court rules otherwise. The president can only fire a Fed board member “for cause,” and Cook faces no legal charges. This situation unfolds amid growing pressure on the Fed to lower interest rates. Jeffrey Campbell, former senior economist and research advisor at the Federal Reserve Bank of Chicago, shares insights on what it would mean for the Federal Reserve if the president succeeds in his effort. ------------ EWTN News Nightly provides the latest news and analysis from a Catholic perspective. Join our Capitol Hill, White House and Rome Correspondents, as well as many other diverse guests daily, to get the latest from the U.S. and the Vatican on topics regarding our Catholic faith and interests. ------------- EWTN News Nightly airs on EWTN weekdays at 6pm & 9pm ET. ------------ Don't miss an episode of EWTN New Nightly. Get updates here: https://www.ewtn.com/tv/shows/ewtn-news-nightly ------------- Sign up today to receive the EWTN News Nightly newsletter: https://www.ewtn.com/enn ------------- Follow EWTN News Nightly on Social Media: Facebook: https://www.facebook.com/ewtnnewsnightly Twitter: https://twitter.com/EWTNNewsNightly Instagram: https://www.instagram.com/ewtnnewsnightly/ ------------- Subscribe to EWTN YouTube channel here: https://www.youtube.com/user/EWTN ------------- You can support the EWTN News mission: https://bit.ly/3qDR1qf