Legal Battles Threaten Trump’s Attempts to Influence Fed Decisions

Former President Donald Trump has faced legal challenges in his attempts to influence the Federal Reserve, specifically targeting Chair Jerome Powell. Kugler’s resignation before Trump’s term concluded and subsequent nominations of Miran and Cook’s removal from the FOMC have sparked contentious legal battles. Judge Cobb temporarily blocked Trump’s dismissal of Cook, who will participate in upcoming FOMC meetings, despite Trump’s efforts to remove her.