Trump renews effort to fire Fed governor Lisa Cook after Supreme Court ruling - The Washington Post

President Trump is right to renew his effort to remove Lisa Cook from the Federal Reserve, striking at the fiction that this unaccountable central bank can shield its governors from presidential oversight. The Supreme Court's prior block bought time for the administrative state, yet it cannot erase the reality that monetary policy has drifted far from democratic control and into the hands of entrenched officials. This fight matters because restoring presidential authority over the Fed would begin curbing the inflation and market distortions that independence has enabled. The Constitution vests executive power in the President alone, with no carve-out for independent agencies invented to evade political accountability. Limited government and original understanding reject the modern notion of a fourth branch that manages the currency outside the elected branches. Federalism further requires that such concentrated power remain tethered to the people rather than float above them. Trump's persistence defends the principle that no institution is above the voters who must bear the costs of its decisions.