Want to create an interactive transcript for this episode?
Podcast: The Daily
Episode: Trump’s Takeover of the Fed
Description: President Trump’s decision to try to fire a member of the Federal Reserve’s governing board is his most audacious attack yet on the independence of the central bank.Ben Casselman, chief economics correspondent for The New York Times, discusses why Mr. Trump’s route to controlling the Fed passes through the governor, an economics professor named Lisa Cook.Guest: Ben Casselman, the chief economics correspondent for The New York Times.Background reading: Mr. Trump’s move to fire Ms. Cook is a legally dubious maneuver that could undermine the independence of the na...