President Donald Trump‘s firing of Federal Reserve Governor Lisa Cook on Monday could trigger a significant power shift within the central bank, potentially creating a Trump-appointed majority on its board and raising concerns over the future of regional Fed presidents, explained the macro strategist at the Bear Traps Report, Craig Shapiro.How Can Trump Get His Favored FOMC Majority?The analysis comes from a social media post by Shapiro on Tuesday, who outlined a potential “chain reaction” following Cook’s removal.Shapiro suggested that with Cook’s seat now open, Trump could appoint two more governors, establishing a 4-3 majority on the board. That majority could later expand to 5-2 after Chairman Jerome Powell’s term as chair is over.According to Shapiro, this “majority could stop regional Fed presidents from being reappointed,” or “open up the process for the next Fed chair to replace existing Fed Regional presidents in the second half of 2026.”The possibility of such a significant overhaul in ...Full story available on Benzinga.com
Trump's Firing Of Lisa Cook Could Hand Him A Rare FOMC Majority That Could Block 'Regional Fed Presidents From Being Reappointed,' Says Craig Shapiro
