Hinting at "See You in Court"! Federal Reserve’s First Response to Trump’s Dismissal of Cook

The controversy over U.S. President Trump’s announcement to remove Federal Reserve Governor Lisa Cook continues to escalate.

On August 26 local time, the Federal Reserve issued its first response to the matter, emphasizing the long-term tenure and removal protection mechanisms granted to governors under the Federal Reserve Act, and clearly stating that Cook will defend her position through judicial channels.

A Federal Reserve spokesperson stated: "Cook, through her private attorney, has indicated that she will immediately challenge this action in court and seek a judicial ruling to confirm her right to continue serving as a Senate-confirmed Federal Reserve governor. The Federal Reserve will, as always, comply with court rulings." He added: "The long-term tenure and removal protection for governors are important safeguards to ensure that monetary policy decisions are based on data, economic analysis, and the long-term interests of the American people."

Following statements from the Federal Reserve spokesperson and Cook’s lawyer, Trump also responded to the media on the 26th. He emphasized that he would abide by the court’s final ruling on Cook’s tenure: "I will abide by the court’s decision, yes, I will abide by the court." However, he then added that the Federal Reserve Board would "soon be dominated by a majority of my appointees."

Pending the court’s ruling, Cook’s position remains unchanged, and she will still attend the next interest rate decision meeting on September 16-17. Market analysts noted that this case has transcended the individual incident and become a direct challenge to the Federal Reserve’s institutional independence.