Political Unrest at the Fed: Lisa Cook's Dismissal

This chapter examines the controversial firing of Federal Reserve Governor Lisa Cook, highlighting the intertwining of politics and central bank independence. It addresses the implications of her dismissal, the challenges related to her appointment, and the importance of diversity in economic policymaking. By scrutinizing the historical and contemporary influences on the Fed's operations, the chapter calls for a more democratic approach to monetary policy amidst evolving political dynamics.