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Although it is still uncertain whether the President Donald TrumpLeave Cook Governor Federal Reservation, which prepares a legal challenge, succeeds, its potential departure gives him another opportunity to install nominated that priority priorities.
The Federal Reserve The Board of Governors, who is usually known as the Fed Committee, consists of seven members, or governors, which the president appointed and confirmed the Senate.
Trump says “always” is ready for a legal struggle as it was transferred to the governor’s lawsuit)
If Trump replaces the cook, he would call most Fedar administrations, strengthening his influence on a larger that leads to American monetary policy.
Lisa Cook is attending a meeting in the Federal Reserve Building in Washington, DC, 25. June 2025. (Saul Loeb / AFP / Getty Images)
Former president Joe Biden It is appointed to Philip Jefferson, Michael Barr and cooks at Fed Board 2022. Trump Tips include Michelle Bowman 2018. Year, Christopher Valler in 2020. years and Stephen Miran 2025. Years.
Former President Barack Obama was nominated Jerome Powell Fedner in 2012. In 2012. year, Trump was nominated by Powell to his current role as Chairman of the Federal Reserve in 2017. years, and Biden re-written Powell 2022. Years.
Replacement of trumps for arum for fed seats; Still looking for a constant appointment
When asked about replacing the cook, Trump told reporters in the White House on Tuesday to have some “very good people for that position”.
“We’ll have the majority soon,” Trump said. “So that will be great.”
Tensions between Trump and Federal Reserves due to monetary policy have been intensified in recent months. Trump appointed President Jerome Powell for the lowering the target rate of federal funds, which says the nations could preserve the “hundreds of billions”.
President Donald Trump speaks with Federal Jerome Powell’s chair during the tour of Federal Reserve in Washington, DC, Thursday, 24. July 2025. (Official White House Photo by Daniel Torot)
In the meantime, Powell kept a key rate for borrowing a central bank range from 4.25% to 4.5%, maintaining measured, approached to wait as officials who measure the economic effects of Trump Tariffs.
Look at the bowing battle between Trump and Powell over FED policy
Kakarjeniše was arrested first marked historical, because it became the first black woman who served as the governor at the Fed Board. Now its potential removal of the same role could first be marked by another historical historical.
As it states, Trump says the cook was fired, immediately efficient. But cook and her lawyer, Abbe Lowell, claim that Trump has no legal authority to remove it. Its term on the Fed Day lasts until January 2038. years.
Chairman of the Federal Reserve of Jerome Powel cursing in Lisi Cook as a member of the Board of the Governor of the Federal Reserve system in May 2022. years. (Photo of the US Federal Reserve)
The Federal Reserve has recognized potential legal action of the cooks and stated in Tuesdays that the US Central Bank will “adhere to any court decision”.
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“Lisa Cook indicated that it would immediately be challenged in court and seek a court decision that would still meet his responsibilities as a member of the Board of the Governor of the Federal Reserve, the” Federal Fight Reserve “wrote the Federal Reserve.
