Some central-bank veterans are concerned about a scenario in which the President’s appointees gain effective control of the institution and end its independence.

A federal appeals court on Monday rejected President Donald Trump's attempt to fire Federal Reserve Governor Lisa Cook.

Divided appeals court rules Lisa Cook can continue working while her lawsuit challenges president’s move to dismiss her

The appeals court ruling does not settle the key issue of whether President Trump can remove Lisa Cook for what he considers just cause.

An appeals court ruled Monday that Lisa Cook can remain a Federal Reserve governor, rebuffing President Donald Trump’s efforts to remove her just ahead of a key vote on interest rates. The Trump administration is expected to quickly turn to the Supreme Court in a last-ditch bid to unseat Cook before the Fed meets.

President Trump is trying to re-shape the leadership of the Federal Reserve, ahead of a key vote this week on interest rates.