Key GOP senators largely shied away from criticizing President Donald Trump’s move to fire Fed Gov. Lisa Cook as they returned from their monthlong August recess on Tuesday, even as they stressed the importance of an independent central bank.
“I believe in Fed independence,” said Sen. John Kennedy (R-La.), a senior member of the Senate Banking Committee. Pressed by reporters about Cook’s ouster, he said: “It’s in the courts. I don’t know who’s right or who’s wrong.”
Trump moved last week to fire Cook, who was appointed by President Joe Biden, citing allegations that she committed mortgage fraud. Cook has sued to block her ouster, saying the…
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