A fateful meeting of the American federal under the pressure of the courts and Trump

The Federal Reserve holds its meeting this week amid unprecedented political pressure, after US President Donald Trump has moved to dismiss the council member Lisa Cook, in parallel with the Senate’s vote on Stephen Miran’s nomination, his chief economist, to membership of the Council.

The move sparked widespread controversy over the independence of the central bank, as experts considered that Trump’s intervention was a precedent that threatens the traditions of neutrality that has always distinguished the work of the federal reserve. The Court of Appeal is expected to issue a decisive decision regarding the continuation of Cook in her position, while the newly appointed Miran may enter directly in discussions of monetary policy. Despite these disturbances, the federal is expected to announce the first reduction in interest rates since December 2024 by a quarter of a percentage point, with a special focus on the weak labor market and the continued inflation above the target set at 2%, which is partially attributed to policies The customs adopted by the Trump administration. (Arabic)