Core Points - The lawsuit initiated by Federal Reserve Governor Lisa Cook against former President Trump marks a significant legal battle regarding the independence of the U.S. central bank and the boundaries of presidential power [1][3] - The case was triggered by Trump's announcement on social media to "immediately" remove Cook from her position, citing alleged misconduct related to a housing loan application [1] - Cook's term, which was confirmed by the Senate in 2022, is supposed to last until 2038, and she plays a crucial role in setting interest rate policies as a voting member of the Federal Open Market Committee [1] Legal and Political Implications - The lawsuit reflects deeper conflicts between executive power and independent institutions within the U.S. political landscape, particularly since Trump's administration has attempted to exert control over independent agencies [3] - The outcome of this legal battle could reshape the fundamental rules of power balance in American politics, especially as it pertains to the relationship between the White House and federal agencies [3] - Legal experts suggest that if Trump's reasons for removal lack substantial evidence, it could represent a serious infringement on the independence of the central bank [1]