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Today, Explained
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The Controversial Role of Lisa Cook at the Fed
This chapter introduces Lisa Cook, a Federal Reserve board member, exploring her impressive background in economics and her journey from Georgia to academia. It examines the scrutiny she faces amid accusations of mortgage fraud while discussing broader themes of economic history and the implications of her potential ousting. The chapter also critiques the Trump administration's approach to the Federal Reserve's independence and the ensuing legal complexities surrounding attempts to dismiss its officials.
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