Trump Administration Pushes Unprecedented Attempt to Oust Fed Governor Lisa Cook Ahead of Critical Interest Rate Vote

President Donald Trump’s administration is aggressively pursuing the removal of Federal Reserve Governor Lisa Cook, marking an unprecedented intrusion into the nation’s central banking system. This move comes at a critical moment, just before the Federal Reserve prepares for a vote on adjusting key interest rates—a decision that impacts every American household and business. Why Is Washington Challenging Fed Independence Now? The attempt to fire Cook—the first Black woman appointed to the Fed’s board—is not merely about one individual. It represents a dangerous precedent undermining the Federal Reserve's longstanding independence. For over a century, presidents have respected this principle, recognizing...