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Trump Renews Push to Fire Fed’s Lisa Cook · GNN Daily Breaking News

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  Speaker 1: President Donald Trump has renewed his push to remove Lisa
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  Speaker 1: Cook from the Federal Reserve Board, escalating his long running
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  Speaker 1: feud with the Central Bank. The move underscores Trump's broader
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  Speaker 1: campaign to reshape monetary policy and challenge the independence of
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  Speaker 1: the FED, which he has repeatedly accused of undermining his
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  Speaker 1: economic agenda. Cook, who joined the board in twenty twenty two,
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  Speaker 1: is the first black woman to serve as a Federal
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  Speaker 1: Reserve governor. She has been a vocal advocate for maintaining
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  Speaker 1: the Fed's dual mandate of controlling inflation while supporting employment.
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  Speaker 1: Her tenure has coincided with contentious debates over interest rates,
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  Speaker 1: inflation management, and the pace of economic recovery. Trump's latest
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  Speaker 1: effort comes after a series of public attacks on the FED,
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  Speaker 1: where he has criticized its leadership for keeping rates too
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  Speaker 1: high and slowing growth. He has argued that Cook's policy
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  Speaker 1: positions align with what he calls anti growth orthodoxy, and
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  Speaker 1: has urged allies in Congress to support legislation that would
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  Speaker 1: make it easier to remove sitting governors. Legal experts note
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  Speaker 1: that firing a Federal Reserve governor is exceptionally difficult. Governors
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  Speaker 1: are appointed to fourteen year terms and can only be
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  Speaker 1: removed for cause, a standard that requires proof of misconduct
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  Speaker 1: or incapacity. Policy disagreements alone are not sufficient grounds. This
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  Speaker 1: legal barrier means Trump's campaign faces an uphill battle. Even
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  Speaker 1: with political support. The push has sparked sharp reactions. Supporters
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  Speaker 1: of Cook emphasize her credentials as a respected economist and
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  Speaker 1: argue that Trump's attacks threaten the Fed's independence, a cornerstone
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  Speaker 1: of US financial stability. Critics aligned with Trump contend that
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  Speaker 1: the central bank has become unaccountable and that governors should
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  Speaker 1: be more responsive to elected leaders. The controversy highlights the
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  Speaker 1: growing tension between the White House and the Federal As
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  Speaker 1: the economy navigates inflation pressures, volletle markets, and global uncertainty,
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  Speaker 1: the independence of this central bank remains a critical issue.
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  Speaker 1: Trump's renewed effort to oust Cook is not only about
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  Speaker 1: one governor, but about redefining the balance of power between
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  Speaker 1: political leadership and monetary authority. For now, Cook remains in
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  Speaker 1: her position, continuing to shape policy alongside Chair Jerome Powell
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  Speaker 1: and other governors. But Trump's campaign ensures that the debate
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  Speaker 1: over the Fed's independence and its role in steering the
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  Speaker 1: US economy will remain front and center in the months ahead.