In a bold and unprecedented move, President Trump attempted to fire Federal Reserve Governor Lisa Cook, citing alleged mortgage fraud. Her removal would be the first of its kind in 112 years—raising alarms about White House influence over monetary policy. Cook has sued to block her dismissal, calling Trump’s actions unlawful and accusing him of bullying through social media. Economists warn that such a fight could undermine the Fed's independence at a time when the U.S. faces inflation risks. A Financial Times poll revealed deep concern, with many fearing long-term economic damage if the central bank appears politicized Markets have so far shrugged it off, but experts caution that confidence in the dollar and credit markets could quickly erode if independent monetary policy looks shaky. 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