Can Trump fire Fed Governor Lisa Cook?
CNBC·2026-01-21 22:00
What's happening right now with this Lisa Cook case is an existential threat to the Federal Reserve. I think there's little doubt that the President wants to reshape the Federal Reserve Board. The President believes he ought to have a big say in the interest rates that are set by the Federal Reserve.This Supreme Court case is about whether Trump has the authority to dismiss Cook for cause. It's the first time a President has ever attempted to fire a Federal Reserve Board Governor in the 100 plus years of th ...