In a shocking and unprecedented move, President Trump has fired Federal Reserve Governor Lisa Cook, escalating his attack on the central bank's independence. Cook, a renowned economist and advocate for economic equality, was removed from her position by Trump on Friday.

Critics of the firing, including some Democrats, have condemned Trump's actions as authoritarian and a blatant infringement on the Fed's independence. Cook's dismissal comes just days after Trump publicly criticized the Federal Reserve for its handling of economic policy.

The move has sent shockwaves through the financial world, with many questioning the impact this will have on the Federal Reserve's ability to operate without political interference. Cook's firing is seen as a clear attempt by Trump to exert control over the central bank and push his own economic agenda.

As the fallout from Cook's dismissal continues to unfold, experts are closely monitoring how this unprecedented move will impact the Fed's decision-making process and the broader economy. Stay tuned for more updates on this developing story.