In this 43-second video, President Trump announces he has removed Federal Reserve Governor Lisa Cook, citing alleged false statements and claiming constitutional authority. Cook rejects the dismissal, asserting he lacks legal power to remove her. The move is unprecedented and likely to lead to legal challenges, raising concerns about the Fed’s independence. Cook, appointed by President Biden in 2022, served on the committee that recently voted to keep interest rates steady. The video highlights escalating tensions between Trump and the Federal Reserve.