Trump firing Federal Reserve Director Cook could lead to legal disputes.

Trump's dismissal of Federal Reserve Director Cook indicates that the White House is attempting to exert more influence on the central bank. This is a legally questionable move, further threatening the political independence of the central bank. According to documents released by the White House, Trump invoked the Second Amendment of the Constitution and the 1913 Federal Reserve Act to notify Cook that she was "immediately dismissed." If the White House successfully removes Cook, this will be the second vacancy on the Federal Reserve Board in less than a month, providing Trump with another opportunity to shape this important group of officials.