President Donald Trump has renewed efforts to remove Federal Reserve Governor Lisa Cook, reviving a dispute over whether the White House can dismiss a sitting member of the central bank’s governing board. The move extends an earlier confrontation that has drawn attention to the Federal Reserve’s independence from political control.
The latest effort follows a setback for the administration in the Supreme Court, according to reports. The legal dispute has centered on the circumstances under which a president may remove a Federal Reserve governor and whether such action is permitted without a recognized justification.
The attempt to fire Cook is part of broader attacks by Trump on the central bank and its officials. The case could have implications beyond Cook’s position, potentially affecting the balance between presidential authority and the Federal Reserve’s ability to conduct monetary policy independently.
The renewed action is expected to face further legal and political scrutiny. The outcome could shape how future administrations interact with the Federal Reserve and determine the limits of presidential power over its governors.