【Trump Can Only Dismiss Federal Reserve Governors for 'Just Cause'】According to Golden Financial, Trump announced that he has dismissed Federal Reserve Governor Cook, a move unprecedented and marking a significant escalation of his attacks on the Federal Reserve. Trump's actions will push the Federal Reserve system into uncharted territory, likely triggering a legal conflict that may ultimately reach the Supreme Court. The Federal Reserve Act of 1913 restricts the president's unilateral power to dismiss Federal Reserve governors, stating that the president can only do so 'for just cause.' Although the law does not specify what constitutes 'just cause,' it has historically been understood to mean misconduct or dereliction of duty. If Trump ultimately succeeds in dismissing Cook, he will be able to nominate her successor and reshape the Federal Reserve Board in the coming years.