Fed Stands Firm Behind Governor Lisa Cook Amid Trump’s Controversial Removal Attempt

The Federal Reserve (Fed) is facing a direct clash with the White House after President Donald Trump attempted to remove Governor Lisa Cook, sparking a legal challenge and questioning the president’s authority to do so. Cook has filed a lawsuit challenging the removal and has garnered support from the Fed, which stated it will comply with any court decisions regarding her status. This legal battle could reach both Congress and the Supreme Court as it centers on whether Trump has the power to fire a Senate-confirmed Fed governor.