In a shocking turn of events, President Trump announced his intention to fire Federal Reserve Chair Lisa Cook, citing disagreements over monetary policy. Trump's threat to dismiss Cook has sent shockwaves through the financial markets, with investors expressing concern over the potential ramifications.

This unprecedented move by the President has raised questions about the independence of the Federal Reserve. While Trump has previously criticized the Fed's actions, his threats to remove the Chair have sparked fears of political interference in the central bank's decision-making process.

Experts suggest that Trump's ability to fire Cook may be limited by the Supreme Court, which has historically upheld the Fed's independence. However, the President's latest comments have reignited debates over the balance of power between the executive and independent agencies.

As the situation continues to unfold, all eyes are on the Federal Reserve and Chair Lisa Cook, who find themselves at the center of a political storm. Stay tuned for updates on this developing story.