A debate has arisen over whether the Constitution grants President Donald Trump the authority to dismiss Federal Reserve Governor Lisa Cook. Critics of such a move fear it jeopardizes the central bank’s independence, while supporters stress the need for direct presidential oversight to maintain accountability.

Economists are raising alarms over President Trump’s fiscal policies and his challenges to the Federal Reserve’s independence, warning of potential risks to the United States’ safe haven status. As he eyes a second term, these actions could have far-reaching effects on Washington, business, and the global economy.