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In early August 2026, U.S. President Donald Trump renewed his effort to remove Lisa Cook from her position as a governor on the Federal Reserve Board. This comes after the Supreme Court ruled against a previous attempt to fire her, but the White House is now moving ahead with a new bid to oust Cook. The move continues Trump's ongoing attacks on the central bank and its leadership.
The renewed push has reignited the debate over the Fed's independence from political influence. Cook, who was appointed to the Fed board in 2022, has been a target of Trump's criticism over the central bank's monetary policy decisions. The outcome of this latest attempt could have significant implications for the Fed's autonomy and its ability to set interest rates without political pressure.
by WorldBrief & Maksim Micheliov | AI-generated summary
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