By Charlene Crowell

Over several months, the Trump Administration has pressed the Federal Reserve, the nation’s central bank, to lower interest rates as a cure for the nation’s ailing economy. Those efforts have now seen two unprecedented developments.

On August 28 President Donald Trump announced his intention to fire the only Black female ever to serve in the Fed’s 113-year history. Then on September 7, the Department of Justice opened a criminal investigation of Governor Lisa Cook in the aftermath of alleged but undocumented mortgage fraud.

Although the final outcome of a related lawsuit has yet to be reached, an early legal victory came on September 9 when Federal District Judge Jia M. Cobb issued an injunction allowing Cook to continue her service as a member of the Board.

In part

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