Trump's firing of Cook may pave the way for a "large-scale" Fed reorganization.

On August 26, according to Bloomberg, Trump decided to dismiss Governor Cook of the Federal Reserve Board of Governors on the grounds of allegedly falsifying mortgage documents. This move marks an escalation in his battle for control over the Fed and may signal the beginning of a broader restructuring of the Federal Reserve Board. This action could give Trump the opportunity to appoint new members to the Fed and achieve a four-member majority within the institution.

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