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President Donald Trump has redoubled his call for Federal Reserve Board Governor Lisa Cook’s exit, telling reporters Friday that if Cook, a former professor at Michigan State University, doesn’t resign,
The president’s call appears to be his latest effort to influence the central bank board as he demands lower interest rates.
U.S. Federal Reserve Chair Jerome Powell's speech to the annual Jackson Hole economic conference on Friday comes amid unprecedented pressure on the central bank from President Donald Trump, but mixed economic data may pull Powell toward a middle ground that leaves major questions unresolved.