🔥【Confronting Trump】Federal Reserve Governor Cook: The President has no right to fire me! 14-year term + legal protection in hand
Federal Reserve Governor Lisa Cook rarely responds strongly to Trump: "He has no authority to fire me, and I will not resign."
This statement reflects not just personal attitude, but also a direct rebuttal from the Federal Reserve against political interference.
🔒 Cook's confidence: 14-year 'Ironclad' term
A Federal Reserve governor's term lasts 14 years. Cook took office in 2022 and her term lasts until 2038.
The law clearly states that governors can only be removed for misconduct, crimes, or serious inappropriate behavior.
In other words, the President cannot arbitrarily replace someone due to policy differences, as it would directly undermine the independence of the Federal Reserve.
⚡ Three major loopholes in Trump's accusations
Timeline is incorrect.
The mortgage dispute occurred before Cook joined the Federal Reserve (in 2021). Since the Senate had already reviewed the background during confirmation, there was no issue at that time, so past matters cannot be used as new reasons now.
Evidence is disputed.
The accusation claims that Cook declared "primary residence" for two properties simultaneously, but Cook could easily explain this as interstate work and temporary residence. Moreover, the lending institution recognized the operation at that time, making the characterization of "fraud" fundamentally untenable.
No historical precedent.
In the century since the Federal Reserve was established, there has never been a case of a President successfully removing a governor. Trump's actions seem more like a public relations battle rather than a genuine legal move.
🏛️ A deeper struggle: the Federal Reserve guarding its independence
For the Federal Reserve, independence is the bottom line.
Even if Powell and Cook have policy disagreements, they will resolve them within the institutional framework and will not tolerate the President's "table-pounding dismissal."
Cook's tough stance is essentially a collective response from the Federal Reserve against executive interference, and behind it lies the last line of defense of judicial procedure.
👉 In summary: It is almost impossible for Trump to use "presidential power" to take down Cook. Cook's ironclad term + legal protection make this conflict resemble more of a political show. What is truly being tested is, in fact, the independence of the American financial system.