President Trump announced on Truth Social this week that he had fired Federal Reserve board member Lisa Cook. While most people had no idea who she was, her sacking could have a massive impact. The move is seen as part of the continued politicisation of the Fed, the US’s independent central bank and some economists fear it could be the start of a journey towards economic meltdown in America with global repercussions. 

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Guest: Mehreen Khan,  Economics Editor, The Times.

Host:  Manveen Rana.

Producer: Shabnam Grewal.

Read more:

• Trump is rapidly tightening his grip on US central bank
• Dollar weakens after Trump ‘sacks’ Fed governor Lisa Cook

Clips: CNN, Bloomberg, The Legal Defence Fund.

Photo: Getty Images.

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