ChainCatcher News, according to Jinshi reports, a Federal Reserve spokesperson stated that under the Federal Reserve Act, Congress clearly directs that Federal Reserve Board members should have long and fixed terms, and can only be removed by the President for 'just cause.' The long terms and removal protection mechanism for Board members are crucial safeguards that ensure monetary policy decisions are based on data, economic analysis, and the long-term interests of the American people. Board member Cook has indicated through her personal lawyer that she will immediately challenge this action in court, and the Federal Reserve will comply with any court ruling.