President Donald Trump has renewed his threat to remove Federal Reserve Governor Lisa Cook, escalating tensions between the White House and the central bank just hours after the US Supreme Court blocked the administration's attempt to dismiss her.
The president's latest comments signal that the executive branch is not retreating from its challenge to the central bank's independence, even after a significant judicial rebuke.
The Supreme Court ruled earlier in the day that Trump acted unlawfully in attempting to fire Cook, delivering a major check on executive authority over monetary policy.
The 6-3 decision affirmed the statutory protections afforded to Fed governors, reinforcing the institutional firewall between the presidency and the central bank.
However, the White House has indicated it will continue to seek avenues to exert pressure on the Fed, raising questions about the durability of the central bank's autonomy.
Markets reacted to the renewed political friction with caution.