The Supreme Court will hear arguments about the Trump administration’s attempted firing of Fed governor Lisa Cook this week. The outcome could determine how easily the president can dismiss other Fed officials.
Advocates for the policy say the additional revenue could help the parks, while other park supporters worry the price increase will have knock-on effects.
Banks can offer interest on deposits, but cryptocurrency firms are asking whether they can offer something similar to people who hold stablecoins, a type of cryptocurrency.
While President Trump’s recent order could persuade lenders to issue more mortgages at lower interest rates, the effects could be small and short-lived.
“Marketplace” host Kai Ryssdal spoke to Alan Blinder, former Vice Chair of the Federal Reserve Board of Governors, about what the investigation might mean for the future of the Fed and monetary policy.
The Fed doesn’t just set interest rates. It needs to be able regulate banks independently too, to make sure the financial system keeps running in good and bad economic times.
