What the Federal Reserve, Supreme Court and Senate Need to Do After Lisa Cook’s Firing

This week could mark the beginning of the end of the Federal Reserve as we have known it. President Trump has been upfront in his belief that the Federal Reserve should be subordinate to his will. Until now, however, he largely channeled this belief into impotent social media posts. That changed with his announcement that he is firing Lisa Cook from the central bank’s Board of Governors — a step she said late Monday she would contest through the legal system.