Trump Targets Fed's Independence with Fresh Challenge to Cook

Former U.S. President Donald Trump has reignited his effort to remove Federal Reserve Governor Lisa Cook from her position, challenging the central bank's independence.

A recent letter from the White House informed Cook of potential removal due to mortgage fraud allegations, a move previously thwarted by the U.S. Supreme Court.

The allegations against Cook remain unproven and her attorney has denounced them as 'baseless', pledging to defend her position.

Experts view Trump's actions as an unprecedented assault on the Federal Reserve's autonomy, with implications for monetary policy and the economy.