Donald Trump contests the independence of the Federal Reserve, trying to dismiss Governor Lisa Cook and influence monetary policy.

President Donald Trump has initiated an unprecedented confrontation with the Federal Reserve, attempting to dismiss Governor Lisa Cook, which could affect the independence of the central bank. Trump has criticized the Fed for its refusal to lower interest rates, wanting to facilitate the management of federal debt and stimulate the real estate market. His supporters accuse the Fed of overstepping its mandate, while critics warn that political pressures could compromise the credibility of the dollar. A pro-Trump majority on the Board of Governors could turn the Fed into a political tool, with significant economic risks.