Saralnama
On 25 Aug 2025, US President Donald Trump tried to fire Lisa Cook, a Federal Reserve governor. Many Democratic leaders opposed this move. Senate leader Chuck Schumer said firing Cook could harm the US economy and people's savings. Senator Elizabeth Warren called it a power grab that breaks the law. The Supreme Court had said the president cannot fire Fed governors without a good reason. House leader Hakeem Jeffries said Cook has done nothing wrong and praised her as the first Black woman on the Fed board. He also criticized Trump for his actions. The Federal Reserve is an independent agency, and its members do not work only at the president's will. (Updated 26 Aug 2025, 23:20 IST; source: link)