President Donald Trump is launching a fresh campaign to assert political control over the Federal Reserve, targeting Governor Lisa Cook for removal despite a recent Supreme Court defeat.
The administration is also reportedly considering moves against former Fed Chair Jerome Powell, signaling an intensification of the conflict between the White House and the central bank.
The renewed pressure follows a legal loss in which the Supreme Court rejected the administration's initial attempt to dismiss Cook.
Rather than retreating, the White House is pivoting to new strategies to align the Fed's operations with its policy preferences, according to reports from multiple wire services.
This marks a significant escalation in the ongoing struggle over the central bank's independence.
For markets, the development introduces fresh political risk into the monetary policy outlook.