What's really behind Trump's ouster of Fed Governor Lisa Cook? | DW News

Donald Trump is escalating his push to control the U.S. central bank, announcing the unprecedented firing of Federal Reserve Governor Lisa Cook. A Biden appointee and the first Black woman on the Fed’s board, Cook rejects the move, calling it unlawful and vowing to stay in office. Fed governors can only be removed for proven misconduct, setting up a legal showdown that could test presidential powers. Replacing her with a Trump ally could shift the Fed toward the lower interest rates he’s long demanded. Harvard economist Kenneth Rogoff gives us his take.

#federalreserve #trump #usa

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Post from DW News on August 26, 2025

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