Trump Aims to Win Majority on Fed Board With Cook Ouster Attempt

President Donald Trump’s campaign to oust Federal Reserve Governor Lisa Cook, if successful, would give him the opportunity to exert more influence over the US central bank by securing a majority on its seven-member board of governors.

Trump has made it clear he wants the Fed to slash borrowing costs, and the central bank — under the leadership of Jerome Powell — has this year been subjected to a steady barrage of attacks from the White House over everything from its monetary policy decisions to cost overruns in a major building renovation project.

The president on Wednesday ...