President Trump has announced the firing of Federal Reserve Board Member Lisa Cook, sparking controversy and concern among lawmakers and financial experts. Trump cited differences in monetary policy as the reason for Cook's termination, claiming that her views were not aligned with his administration's economic goals.

Cook, a respected economist and expert in shaping fiscal policies, had been serving on the board since 2021. Her removal has raised questions about the independence of the Federal Reserve and the potential impact on the stability of the economy. Democratic leaders have expressed outrage at Trump's decision, calling it a politically motivated move to stack the board with his supporters.

In response to her dismissal, Cook issued a statement expressing disappointment and pledging to continue her work in the field of economics. The news of her firing comes at a time of heightened economic uncertainty, with global markets closely monitoring the situation for any potential repercussions. The Federal Reserve has yet to comment on the matter, but experts predict that Cook's absence could have significant implications on future monetary policy decisions.