How the Future of the Fed Came to Rest on Lisa Cook NYT | Top Stories By: Colby Smith and Ben Casselman 29 August 2025 at 17:03 President Trump’s effort to oust the Federal Reserve governor has kicked off a landmark legal battle, one that will have far-reaching consequences for the institution’s independence. © Andrew Harnik/Getty ImagesLisa Cook, who was appointed to the Fed’s board of governors in 2022, during a July conference at the Federal Reserve in Washington.