President Donald Trump's attempt to fire Lisa Cook, a member of the Federal Reserve’s interest rate-setting board, is not the first time in the Fed’s history that there has been an attempt to politicise central banking. But Peter Conti-Brown, associate professor of financial regulation at The Wharton School of the University of Pennsylvania, tells the FT’s Chris Giles why Trump’s intervention is different and why there are now reasons to fear for the survival of a key pillar of US and global economic stability. Going to the FT Weekend festival at Kenwood House Gardens in London on Saturday September 6? FT Live has a 10% discount for all FT podcast listeners with promo code FTPodcasts. Find a registration link with discount here Subscribe to The Economics Show on Apple , Spotify , Pocket Casts or wherever you listen. Presented by Chris Giles. Produced by Josh Gabert-Doyon and Mischa Frankl-Duval. Manuela Saragosa is the executive producer. Original music and sound design by Breen Turner and Samantha Giovinco. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
