Big Take Podcast

Trump Moves to Fire Lisa Cook, Sparking Legal Fight and Concerns About Fed Independence

On today’s Big Take Podcast: What Trump’s push to oust Federal Reserve Governor Lisa Cook says about his plans for the central bank.

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By Sarah Holder and Rachael Lewis-Krisky

August 26, 2025 at 5:29 PM EDT

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President Donald Trump shared a letter on social media Monday night, addressed to Federal Reserve Board Governor Lisa Cook stating he had made the decision to remove her from her position.