{
  "id": 3501267,
  "title": "As Cook case smolders, Trump has other paths to shape Fed policy team",
  "url": "https://urgent.news/2026/08/26/as-cook-case-smolders-trump-has-other-paths-to-shape-fed-policy-team-3501267",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T11:38:52.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/economy/policy/articles/as-cook-case-smolders-trump-has-other-paths-to-shape-fed-policy-team-100943841.html"
  },
  "original_language": "en",
  "account": "As the persistent case against Federal Reserve Governor Lisa Cook unfolds, President Donald Trump continues to explore avenues to shape the central bank's policy-making team. Although his initial attempts to remove Cook have been thwarted by legal rulings and political opposition in the Senate, Trump still holds four potential opportunities to influence Fed policymaking.\n\nFed Chairman Kevin Warsh, who Trump appointed in 2022, has so far sidelined discussions of the interest rate cuts the president desires. In June, Warsh even disregarded all rate guidance after assuming his role. Warsh has praised the \"incredible team\" at the Fed, an institution designed to stay politically insulated with only two out of seven Board of Governors seats expiring in any given presidential term.\n\nTrump has publicly characterized the Fed's board as \"maybe a little bit hostile\" and in the way of Warsh. He maintains that the board is a \"political board.\" Despite Trump's efforts to clear room at the Fed, the struggle for control over monetary policy continues and may alter following several personnel decisions and battles.\n\nFed Governor Lisa Cook, the first Black woman appointed to the central bank's board, was appointed by former President Joe Biden in 2022. Trump attempted to fire her a year ago, but the U.S. Supreme Court ruled that he could not remove her without just cause. Cook is expected to continue fighting her dismissal, likely leading to another protracted court battle before a final ruling.\n\nThe departure of Fed Governor Jerome Powell, who served for over eight years, presents Trump's only guaranteed Fed seat during his remaining term. Powell's term ends early in 2028. Although Trump's efforts to remove Powell have not been conclusively resolved, a recent criminal investigation was dropped due to a Republican senator's intervention. Powell's choice to continue serving on the board until his term ends could prove pivotal for Trump's plans to appoint more Fed governors.\n\nRegional Fed presidents also play a crucial role in policymaking, with five voting on interest rates on a rotating basis and all participating in monetary policy shaping meetings. While traditionally not seen as a pathway for White House influence, regional Fed jobs may hold strategic importance for Trump. The top job at the Atlanta Fed has been vacant since February, and the process for appointing a new president was delayed to accommodate Warsh's integration. The final decision for Trump will depend on the regional presidents' choices, potentially limiting his ability to appoint more of his own appointees to the Fed.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Yahoo Finance",
        "title": "As Cook case smolders, Trump has other paths to shape Fed policy team",
        "url": "https://urgent.news/2026/08/26/as-cook-case-smolders-trump-has-other-paths-to-shape-fed-policy-team",
        "published": "2026-08-26T10:09:43.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}