【Bloomberg: Trump's Dismissal of Cook May Pave the Way for a 'Major' Restructuring of the Federal Reserve】August 26 news, according to Bloomberg, Trump decided to dismiss Cook, a Federal Reserve board member, on the grounds of accusing him of falsifying mortgage documents. This move marks a further escalation in his battle for control over the Federal Reserve and may signal the start of a broader restructuring of the Federal Reserve Board. This could give Trump the opportunity to appoint new members to the Federal Reserve Board and gain a four-member majority within the institution.