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The Guardian - UK
The Guardian - UK
Business
Heather Stewart and agencies

What Trump’s move to fire Fed governor means for central bank’s independence

US Federal Reserve Donald Trump Jerome Powell Lisa Cook Paul Volcker Economy Inflation Richard Nixon United States
Seal of the Board of Governors of the United States Federal Reserve System
Seal of the Board of Governors of the United States Federal Reserve System displayed in the ground at Fed Building in Washington. Photograph: Andrew Harnik/AP

Donald Trump has said he is firing Lisa Cook, a Federal Reserve governor, in a move viewed as a sharp escalation in his battle to exert greater control over the institution.

Who is Lisa Cook?

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