Trump Attempts to Fire Fed Governor: A Fight Over America’s Central Bank

President Donald Trump has taken aim at Federal Reserve Governor Lisa Cook, aiming to remove her over allegations of mortgage fraud. The move has sparked a legal storm and raised concerns about the independence of the central bank. 7 On August 25th, Trump signed an executive order stating that she was being removed based on these alleged claims. However, Cook has firmly resisted this attempt, arguing that presidents have no authority to fire Fed Governors who serve for 14-year terms. This clash over control of the Federal Reserve has put America’s financial future at risk.