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How the Future of the Fed Came to Rest on Lisa Cook

President Trump’s effort to oust the Federal Reserve governor has kicked off a landmark legal battle, one that will have far-reaching consequences for the institution’s independence.

© Andrew Harnik/Getty Images

Lisa Cook, who was appointed to the Fed’s board of governors in 2022, during a July conference at the Federal Reserve in Washington.
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Trump Says He Is Firing Lisa Cook From Fed Board of Governors

President Trump told Lisa Cook that he had found sufficient cause “to remove you from your position.” Ms. Cook and her lawyer said they would fight the firing.

© Brittany Greeson for The New York Times

Lisa Cook has served on the Federal Reserve Board of Governors since 2022.
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