Trump once again seeks to fire Cook and is reported to be in close contact with Walsh. The independence of the Federal Reserve faces new tests.

According to the Zhithong Finance APP, the White House indicated this week that President Donald Trump is "considering" firing Federal Reserve Board member Lisa Cook. This move marks the revival of Trump's attempt to remove the Biden-appointed board member after the U.S. Supreme Court temporarily blocked his removal order in June. Meanwhile, reports suggest that Trump has had multiple conversations with Kevin Warsh since his confirmation by the Senate as Federal Reserve Chair in May. The independence of the Federal Reserve is facing unprecedented challenges.