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Trump plans to nominate Kevin Warsh to be the next chair of the Federal Reserve, when Jerome Powell's term expires in May. The president has been pushing the central bank to slash interest rates.
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At issue are President Trump's efforts to break with 112 years of law and precedent by firing Lisa Cook, a member of the Federal Reserve's governing board.
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A Justice Department probe of the Federal Reserve marks the latest escalation in the Trump administration's effort to bend the independent central bank to the president's will.
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The Justice Department has subpoenaed the Fed over Chair Jerome Powell's testimony over the central bank's headquarters renovation. Powell calls it part of a pressure campaign over interest rates.
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First, more on Michigan State University pausing admissions to 27 graduate programs. Then, a journalist for the Detroit Free Press spoke about Federal Reserve Governor Lisa Cook's first public remarks since President Trump attempted to fire her from the Board of Governors.
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First, a deeper look at the meeting of the Federal Reserve Board of Governors taking place today. Also, more on the PBS children's television character created in Grand Rapids.
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An academic perspective on President Donald Trump’s move to eject Michigander Lisa Cook at the Federal Reserve. A profile of the man responsible for a surprising percentage of Detroit’s commercial signage. And, a conversation with Michigan Public’s retiring environment reporter, Lester Graham.
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President Donald Trump said he fired an MSU professor from the Federal Reserve Board of Governors despite having no legal authority to do so. Also, Michigan Medicine has ended its gender-affirming medical care for transgender youth. Then, how federal funding cuts to the arts have affected productions in Michigan.
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President Donald Trump's attempt to fire one of the seven Federal Reserve governors will likely end up in court and could more clearly define the limits of the president's legal powers over the traditionally independent institution.
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Michigan State University economist Lisa Cook is a star in her field. Now, she's a nominee for a spot on the Federal Reserve Board of Governors—if she can make it past Republican opposition.