Trump renews push to fire Fed's Lisa Cook, seeking allies on central bank board
President Donald Trump has resumed his effort to remove Federal Reserve Governor Lisa Cook, two months after the Supreme Court blocked his earlier attempt. The renewed push is part of a broader campaign to stack the central bank's board with allies.
President Donald Trump has resumed his campaign to oust Federal Reserve Governor Lisa Cook, two months after the Supreme Court blocked his first attempt to remove her from the central bank's board.
The renewed effort is part of a broader push to reshape the Fed's seven-member board with appointees loyal to the administration. Removing Cook would give Trump a stronger hand in shaping interest-rate policy for the remainder of his term.
Cook has denied the allegations underpinning the removal effort and has signaled she intends to fight the move through the courts. Defenders of the Fed's independence warn that a successful ouster could set a precedent undermining the central bank's insulation from political pressure.
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