Trump is targeting the Federal Reserve again! He's considering finding a reason to fire Lisa Cook, the current Fed governor.

This sounds quite explosive, as the Fed has always been considered an independent institution, immune to presidential interference. But Trump clearly doesn't see it that way. He has frequently criticized the Fed's monetary policy, arguing that its aggressive interest rate hikes have hindered his economic performance. Now, he's targeting the person who actually implemented it—Governor Cook.

Who is Cook? She's the first African American woman to serve on the Fed's board, nominated by Biden in 2022. She has a strong academic background and focuses on labor markets and a fair economy. However, her policy stances may not be to Trump's liking, especially if he wins the White House this year. He would most likely want the Fed to cooperate with him in cutting interest rates and stimulating the economy, rather than fighting inflation and maintaining high interest rates as it currently does.

Thus, the term "firing for cause" is very interesting—it suggests that Trump's team may be searching for legal or procedural loopholes to remove her. After all, the normal term of a Federal Reserve board member is 14 years, which is legally protected, and the president cannot fire them without cause. However, if some "legitimate reason" can be found, such as alleged "improper conduct" or "lack of ability," then there is room for maneuver.

Regardless of whether this ultimately succeeds, the mere fact of "considering" it sends a strong signal: If Trump returns to power, he may do whatever it takes, even challenging the independence of the Federal Reserve, to install people who are obedient and promote policies that benefit him. This further increases the uncertainty surrounding the future of financial markets and monetary policy. #加密市场回调 $BTC