opinion

Workers hang a large photo of U.S. President Donald Trump on the facade of the Department of Labor headquarters in Washington, D.C., on Wednesday.

This week, U.S. President Donald Trump announced that he was firing one of the seven governors of the Federal Reserve, the U.S. central bank. Lisa Cook, the governor in question, has refused to leave and has sued , arguing that the President’s action is not only unprecedented, but illegal.

It’s the latest chapter in Mr. Trump’s attempt to change the leadership of the Fed because the independent body isn’t giving the President what he wants, which is lower interest rates . A lot of news coverage has focused on the dangers of handing control of monetary policy to the White House, and that concern is well-founded. It’s like putting

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