Legal Battles and Uncertainty Loom Over Federal Reserve's Future

Lisa Cook, the first Black woman on the Federal Reserve Board, is suing President Trump after he announced his intention to fire her without cause, claiming her removal violates federal law and threatens Fed independence. The case highlights ongoing tensions over the politicization of the Fed and the importance of its independence for economic stability. Cook's lawsuit may reach the Supreme Court, which has previously upheld the Fed's autonomy, but the outcome could have significant implications for U.S. monetary policy and presidential power.