Trump renews bid to fire Fed's Cook with new White House inquiry

· Economy · United States

President Donald Trump renewed his bid to fire Federal Reserve governor Lisa Cook with a fresh White House inquiry, after first trying to remove her in August 2025. Cook is the first Black woman to serve on the central bank's board. The move escalates political pressure on the Fed's independence and comes as markets weigh the risk of political interference in monetary policy. The effort is likely to face legal challenges.

Why it matters：Attempts to remove a Fed governor threaten central bank independence, with consequences for inflation expectations and global markets.

Key points

  • Trump first tried to fire Cook in August 2025.
  • Cook is the first Black woman on the Fed's board.
  • The move escalates political pressure on the Fed's independence.

Sources (original reporting)

More stories from this day