Political infighting was intense before the Federal Reserve's September meeting: Trump's "trusted ally" successfully entered, but the attempt to remove board member Cook failed.

According to the Wise Finance app, the Trump administration's efforts to influence Federal Reserve decisions have sparked a fierce battle over the independence of the central bank. With a narrow majority, the US Senate approved Trump economic advisor Stephen Miran to join the Fed's board of directors, strengthening Trump's influence over monetary policy. Miran supports interest rate cuts and is expected to push for a larger easing at the September meeting. Meanwhile, the D.C. Circuit Court of Appeals rejected Trump's request to dismiss Fed board member Lisa Cook, upholding the independence of the Federal Reserve. The court ruled that the president does not have the authority to dismiss board members based on their policy positions.