Trump Tries to Yank a Fed Governor and Trips Over the Law
Trump moved to remove Federal Reserve Governor Lisa Cook on August 25, a step that immediately raised questions about whether he had the authority to do it. The firing attempt set off a legal standoff over Fed independence and turned another personnel fight into a test of presidential overreach. The mess also fed the increasingly obvious impression that Trump wants the central bank to behave like a personal loyalty operation.
First recorded Aug 25, 2025·Meaningfully updated Aug 25, 2025
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Trump Tries to Yank a Fed Governor and Trips Over the Law
Trump moved to remove Federal Reserve Governor Lisa Cook on August 25, a step that immediately raised questions about whether he had the authority to do it. The firing attempt set off a legal standoff over Fed independence and turned another personnel fight into a test of presidential overreach. The mess also fed the increasingly obvious impression that Trump wants the central bank to behave like a personal loyalty operation.
Trump moved to remove Federal Reserve Governor Lisa Cook on August 25, a step that immediately raised questions about whether he had the authority to do it. The firing attempt set off a legal standoff over Fed independence and turned another personnel fight into a test of presidential overreach. The mess also fed the increasingly obvious impression that Trump wants the central bank to behave like a personal loyalty …
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