Jeffrey Schmid, the president of the Federal Reserve Bank of Kansas City, says the central bank needs to be free from partisan influence in order to maintain balances — and help ensure full employment ...

The move could allow the administration to influence who sits on the Fed’s policy-setting committee, a step critics warn would threaten the central bank’s independence.

Lisa Cook's fight to keep her job is likely just the beginning of a battle over the future of the Federal Reserve as Trump tries to shape the central bank.