Lisa Cook

Justices Alito and Gorsuch get Lisa Cook’s attorney to concede that the president has the ultimate authority to remove Fed board members under existing law. https://x.com/ShawnFleetwood/status/2014024111379333256?s=20

The world of U.S. financial oversight rarely grabs headlines, but a storm is brewing at the top of the Federal Reserve. President Trump’s attempt to fire Fed Governor Lisa Cook has triggered a national debate on fraud allegations and the powers of the executive branch. With legal battles, political tension, and questions of accountability, this case could redefine who holds power over America’s financial watchdogs. Here’s what you need to know about the case, what’s at stake, and how it could shape the future of federal oversight.