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Trump Restarts Battle to Fire Fed Governor Lisa Cook

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The Trump administration has reignited its effort to remove Federal Reserve Governor Lisa D. Cook, sending her a letter stating it is “considering” firing her. This move comes after the Supreme Court rebuffed an earlier attempt to oust her.

The letter signals a renewed legal and political battle over the independence of the Federal Reserve. Cook, an economist appointed by President Biden, has faced criticism from Trump allies who argue her policies are too dovish. The administration’s latest action tests the limits of presidential authority over independent agencies.

Legal experts say the outcome could reshape the Fed’s governance. The Trump administration previously tried to fire Cook without cause, but the Supreme Court declined to intervene. Now, the letter warns that removal is “under consideration,” potentially forcing another court fight.

Cook has not publicly commented. The standoff highlights ongoing tensions between the White House and the central bank over monetary policy and regulatory oversight. If successful, this would be a rare firing of a sitting Fed governor, raising concerns about political interference in economic decision-making.

The Federal Reserve has long operated with a degree of independence, and this challenge could set a precedent for future administrations.