Trump says he’s firing Fed Governor Lisa Cook, opening new front in fight for central bank control

Trump says he’s firing Fed Governor Lisa Cook, opening new front in fight for central bank control

President Donald Trump says he's firing Federal Reserve Governor Lisa Cook, a sharp escalation in his battle to exert greater control over what has long been considered an institution independent from day-to-day politics

FILE – Federal Reserve Board of Governors member Lisa Cook, right, talks with Federal Reserve Chairman Jerome Powell before an open meeting of the Board of Governors at the Federal Reserve, June 25, 2025, in Washington. (AP Photo/Mark Schiefelbein, File)