The Fed's Independence: A Constitutional Quagmire of Trump's Making The Supreme Court's recent decision in Cook v.
Trump has created a constitutional quagmire that threatens to undermine the independence of the Federal Reserve, one of the most critical institutions in the US economy.
President Donald Trump's latest attempt to fire Lisa Cook, a member of the Fed's Board of Governors, is not just a personal vendetta but a calculated move to assert control over the central bank.