Trump's unprecedented attack on the Fed

This NPR Planet Money podcast episode discusses President Trump's attempt to fire Federal Reserve Governor Lisa Cook, citing alleged mortgage fraud. The hosts analyze the legal and political implications of this unprecedented action, exploring the historical context of presidential influence on the Federal Reserve and the potential legal challenges ahead. They discuss the implications for the Fed's independence, the upcoming interest rate meeting, and Trump's broader strategy to politicize the Federal Reserve through appointments and potential removals of regional Fed presidents. The episode also touches upon similar actions taken by the Trump administration against other officials, framing the situation as a potential abuse of power.