In a move unprecedented in modern presidential history, Donald Trump announced his intention to dismiss Federal Reserve Governor Lisa D. Cook. The action, based on allegations of mortgage fraud, has sparked debate about the limits of presidential power over the Fed and its crucial role in monetary policy. This legal battle has far-reaching economic implications and could reshape financial stability worldwide. 100s of experts and analysts across the globe are closely watching as this case unfolds. Cook’s tenure on the Board of Governors, spanning since 2022 and reappointed in 2024, has been marked by her influential role in shaping monetary policy. Her dismissal would mark a significant shift in power dynamics within the Federal Reserve.