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178. Emergency Episode: Is This The End of the Federal Reserve?
Send us Fan Mail In this emergency episode of The Skinny on Wall Street, Kristen and Jen dive into the breaking news that President Trump has moved to fire Federal Reserve Governor Lisa Cook over accusations of mortgage fraud. Using this moment as a springboard, they break down the fundamentals of how the Fed works, why its independence is so important, and how politics intersects with monetary policy. The discussion covers the structure of the Federal Reserve System, the difference between Governors and Presidents, and how the powerful Federal Open Market Committee (FOMC) sets interest…
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