President Donald Trump is reportedly considering the dismissal of Federal Reserve Governor Lisa Cook, according to a letter cited by Danish media outlet BT.
The reported move comes shortly after a US Supreme Court decision that had previously constrained the administration's ability to remove central bank officials for political reasons.
The renewed campaign to remove Cook marks a significant escalation in the administration's efforts to assert political influence over monetary policy.
Markets have reacted with caution to the news, as investors weigh the implications for the Federal Reserve's independence and the potential for increased political interference in interest rate decisions.
The situation underscores the ongoing tension between the executive branch and the central bank.
While the Supreme Court's recent ruling was intended to protect the Fed from political pressure, the administration's continued efforts to remove Cook suggest that the legal and political battle is far from over.