Nick Timiraos(@NickTimiraos):This is an interesting moment for Fed independence because unlike last year, where the question was around whether to lower rates, now it is about whether to hike. Cook has sounded open to raising rates in her recent speeches, subject to inflation failing to make progress as long anticipated. There is also a new Fed chair who has said that Fed independence is "up to the Fed."

2026.08.07 18:26

This is an interesting moment for Fed independence because unlike last year, where the question was around whether to lower rates, now it is about whether to hike. Cook has sounded open to raising rates in her recent speeches, subject to inflation failing to make progress as long anticipated. There is also a new Fed chair who has said that Fed independence is "up to the Fed."

Nick Timiraos@NickTimiraos

2026.08.07 18:21

The White House is reviving its attempt to remove Fed governor Lisa Cook from the central bank by laying out a process that the Supreme Court said hadn't been afforded to her in which she might answer or challenge its unproven allegations of mortgage fraud

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