Donald Trump’s attempts to exert influence over the Federal Reserve have faced significant setbacks. Despite various strategies, he has been unsuccessful in changing its leadership and control. Recent developments include Kugler resigning before his term ended, followed by Trump’s nomination of Miran and subsequent dismissal attempt of Lisa Cook, leading to a legal battle that stalled the move. 10 years after her appointment on the FOMC, Cook remains seated following a court ruling, while Trump appeals. While Trump seeks control over the Fed, this clash has highlighted the importance of the Fed’s independence. The next meeting is set for October 29th where an interest rate cut is anticipated. This decision may not entirely align with Trump’s desired level of cuts, leaving room for market-driven adjustments as inflation and employment trends remain stable.