Trump's Attempt to Fire the Fed's Lisa Cook Risks Global Economic StabilityPresident Trump's attempt to fire Lisa Cook, a Fed governor, will set off a long legal battle. Economists warn it could lead to higher inflation and government borrowing costs.
Source: Trump's Attempt to Fire the Fed's Lisa Cook Risks Global Economic Stability (https://www.nytimes.com/2025/08/26/us/politics/trump-fed-lisa-cook.html)