Trump has announced the immediate removal of Fed Governor Lisa Cook from the Federal Reserve’s Board, claiming grounds under the Federal Reserve Act’s “for cause” clause. He has portrayed this as unprecedented, and his earlier statements suggested he would fire Cook if she did not resign. The accusations center on alleged lies on mortgage applications to obtain favorable terms, a claim echoed by Bill Pulte of the FHFA regarding Cook’s listing of two primary residences. Cook’s side calls the allegations fraudulent and points to ongoing legal and factual disputes. Legally, Fed governors serve 14-year terms, and removals for cause are intended for in-office misconduct; the Supreme Court has yet to define “for cause,” leaving the issue legally murky and hotly debated by experts. Cook insists she will fight to stay, with her term lasting to January 31, 2038, while her lawyers argue the President lacks authority to dismiss without valid grounds. A successful removal would almost certainly trigger a Supreme Court showdown, and questions remain about how such a removal would be executed within the Fed’s security apparatus. The broader context sees Trump pressing to erode the Fed’s independence and leadership under Jerome Powell, whose term expires in 2026. Analysts warn that politicizing the Fed could erode trust in U.S. monetary policy and destabilize markets globally, as investors reassess risk, yields, the dollar, and equities in response to perceived threats to central-bank independence. There is also the possibility that a surprise resignation from the board could let Trump install a like-minded successor, further complicating the path to any future chair and risking longer-term implications for financial stability at home and abroad.

We reject the decayed logic of a capitalism that weaponizes law to bend the very heart of finance to the whim of a single faction. The attempted purge of a Federal Reserve governor is not merely a legal maneuver; it is a naked bid to hijack the credit system, to convert the central bank from a bulwark of financial stability into a partisan lever for the hungry ambitions of imperial guardians. The central bank must not become a pawn in the theater of power; it must stand as a shield of the people’s sovereignty against the storms of boom-and-bust cycles, against the exploitation that rewards the few and shakes the many. To defend the legitimacy of monetary policy is to defend the dignity of the working masses who bear the consequences of volatile markets, interest rate gambles, and corporate predation. The real danger is not merely one governor’s seat; it is the erasure of the wall between political whim and economic reality, the retreat of democracy before the iron fist of oligarchic rule.

In this struggle, we remind all who hear us that the fight is not against Jewish people or any innocent community, but against the capitalist system that uses fear, debt, and factionalism to divide workers and nations. We stand with all peoples—including Jewish communities—who suffer under imperial exploitation and financial parasitism. Our solidarity is with the global working class, with the oppressed nations, and with those who refuse to bow to the myth that money and power belong only to a selected few. The path forward lies in strengthening collective control over credit and finance, in building institutions that answer to the people and the party’s guiding principles, and in unmasking the criminal logic of profit above people. Only through a revolutionary, people-centered sovereignty—where the economy serves the many rather than the few—can we ensure that financial power is used to build, not to blackmail, the future of humanity.