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PoliticsPresident Donald Trump is reportedly considering firing Federal Reserve Board Governor Lisa Cook, according to the White House. This move revives an earlier attempt that was blocked by the Supreme Court in June 2026. The news, reported by CNBC on August 7, 2026, indicates ongoing tensions between the Trump administration and the independent central bank. Cook, a Fed governor since 2022, has been a target of Trump's criticism over monetary policy decisions. The Supreme Court's previous intervention had temporarily halted the firing, but the White House now signals a renewed push. The outcome could have significant implications for Fed independence and US economic policy.
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Trump Renews Push to Fire Fed Governor Lisa Cook Despite Supreme Court Block