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Chair of the Federal Reserve Jerome Powell (L) administers the oath of office to Lisa Cook (R) to serve as a member of the Board of Governors at the Federal Reserve System during a ceremony at the William McChesney Martin Jr. Building of the Federal Reserve May 23, 2022 in Washington, DC.
(Photo by Drew Angerer/Getty Images)
Trump’s Attack on Lisa Cook Is an Attack on Fed Independence and Black Leadership
Dr. Cook has earned her position through expertise, service, and integrity. She should be allowed to continue her work without intimidation or political interference.
Sep 04, 2025
When US President Donald Trump attempted to remove Federal Reserve Governor Dr. Lisa D. Cook from her post, he didn’t just target one individual. He threatened the independence of the Federal Reserve and sent a chilling message to every leader serving in public life: No matter your qualifications, your service is never safe from political retribution.
Trump’s attack on Dr. Cook is also yet another attempt to delegitimize Black leadership across the highest levels of American government. That’s why my organization, the Joint Center—America’s leading Black think tank—convened a coalition of leading civil rights, economic justice, and policy organizations to stand with Dr. Cook and push back.
Dr. Cook’s credentials are beyond dispute. She’s a world-class economist who’s advised governments during global crises, served at multiple levels of the Federal Reserve System, and earned acclaim as a professor at Michigan State University.
She was elected by Midwestern community bankers to the boards of the Federal Home Loan Bank of Indianapolis and the Federal Reserve Bank of Chicago—proof of the broad trust she’s earned across the financial community.
In 2022, Dr. Cook made history as the first Black woman appointed to the Federal Reserve Board of Governors. Her appointment was a breakthrough for Black representation in economic governance. Today, that breakthrough is under threat.
President Trump’s attempt to force her out is part of a broader pattern. Time and again, he’s sought to discredit and remove Black leaders from positions of power—from insulting Rep. Maxine Waters (D-Calif.) by calling her “low IQ” to attacking prosecutors like Letitia James and Fani Willis, undermining federal judges like Tanya Chutkan, and dismissing the leadership of Maryland Gov. Wes Moore.
Attacking the tenure of a Federal Reserve governor—especially one as qualified and effective as Dr. Cook—undermines that independence and destabilizes the very system Trump claims to protect.
Trump has also ignored the will of DC residents and Mayor Muriel Bowser by ordering National Guard troops into the city’s streets.
These attacks are not random. They’re part of a deliberate strategy to weaken and delegitimize Black leadership across our institutions—from the courts to the military to economic governance.
The attack on Dr. Cook marks a dangerous escalation. The Federal Reserve is one of the most important independent institutions in our democracy. It safeguards our economy and makes decisions that affect virtually every family and business in this country.
Attacking the tenure of a Federal Reserve governor—especially one as qualified and effective as Dr. Cook—undermines that independence and destabilizes the very system Trump claims to protect.
We cannot allow this to stand.
In moments like this, silence is complicity. That is why we are calling on policymakers, civic leaders, and the public to speak out—not just in defense of Dr. Cook, but in defense of every public servant facing illegitimate harassment as part of a politically motivated attack.
The coalition’s message is simple: Dr. Cook has earned her position through expertise, service, and integrity. She should be allowed to continue her work without intimidation or political interference.
If we fail to take action now, we risk sending a dangerous message to future generations of leaders: No matter how qualified you are, your leadership can be erased at the whim of those in power. We also risk losing some of the small gains in Black political representation that has emerged over the last 30 years.
We must not let that message stand.
We are at a crossroads
This country and this world are at a monumental crossroads. US voters have an opportunity to beat back the forces of fascism and confront the billionaires who are rigging the economy, our media system, and our democracy, making it increasingly impossible for ordinary people to get by. We’re not just talking about the election. We’re talking about what must be done once these fascist elements are vanquished from power. We need a bolder set of solutions than what either major party has so far been willing to offer and a working-class movement ready to fight like hell for it. Trump didn't emerge from nowhere. The conditions that fueled MAGA authoritarianism were created by decades of radical neoliberal economic policies and a corrupt political system dominated by corporate interests. They slashed taxes on the super-rich, promising that the benefits would trickle down. They said giveaways to the corporate titans would make life more affordable for the rest of us. It was all bullshit. And when a bitter, betrayed populace searches for someone to blame, right-wing demagogues have little trouble finding scapegoats. People know when they're being lied to, but you won't hear any of this from the corporate media. Only independent journalism—powered and funded by people who believe in building a better world—can deliver truly trustworthy daily news. If you share our vision, please contribute whatever you can to sustain our work. |
This column was distributed by OtherWords.
Dedrick Asante-Muhammad
Dedrick Asante-Muhammed has been a long-time thought leader focused on racial economic inequality. He started his work as the first Racial Wealth Divide Coordinator at United For A Fair Economy. He then went on to work with Chuck Collins at Institute for Policy Studies Inequality and Common Good Program. Dedrick then went on to become the Senior Director of the Economic Department for the NAACP and currently is the Chief of Race, Wealth and Community for the National Community Reinvestment Coalition.
When US President Donald Trump attempted to remove Federal Reserve Governor Dr. Lisa D. Cook from her post, he didn’t just target one individual. He threatened the independence of the Federal Reserve and sent a chilling message to every leader serving in public life: No matter your qualifications, your service is never safe from political retribution.
Trump’s attack on Dr. Cook is also yet another attempt to delegitimize Black leadership across the highest levels of American government. That’s why my organization, the Joint Center—America’s leading Black think tank—convened a coalition of leading civil rights, economic justice, and policy organizations to stand with Dr. Cook and push back.
Dr. Cook’s credentials are beyond dispute. She’s a world-class economist who’s advised governments during global crises, served at multiple levels of the Federal Reserve System, and earned acclaim as a professor at Michigan State University.
She was elected by Midwestern community bankers to the boards of the Federal Home Loan Bank of Indianapolis and the Federal Reserve Bank of Chicago—proof of the broad trust she’s earned across the financial community.
In 2022, Dr. Cook made history as the first Black woman appointed to the Federal Reserve Board of Governors. Her appointment was a breakthrough for Black representation in economic governance. Today, that breakthrough is under threat.
President Trump’s attempt to force her out is part of a broader pattern. Time and again, he’s sought to discredit and remove Black leaders from positions of power—from insulting Rep. Maxine Waters (D-Calif.) by calling her “low IQ” to attacking prosecutors like Letitia James and Fani Willis, undermining federal judges like Tanya Chutkan, and dismissing the leadership of Maryland Gov. Wes Moore.
Attacking the tenure of a Federal Reserve governor—especially one as qualified and effective as Dr. Cook—undermines that independence and destabilizes the very system Trump claims to protect.
Trump has also ignored the will of DC residents and Mayor Muriel Bowser by ordering National Guard troops into the city’s streets.
These attacks are not random. They’re part of a deliberate strategy to weaken and delegitimize Black leadership across our institutions—from the courts to the military to economic governance.
The attack on Dr. Cook marks a dangerous escalation. The Federal Reserve is one of the most important independent institutions in our democracy. It safeguards our economy and makes decisions that affect virtually every family and business in this country.
Attacking the tenure of a Federal Reserve governor—especially one as qualified and effective as Dr. Cook—undermines that independence and destabilizes the very system Trump claims to protect.
We cannot allow this to stand.
In moments like this, silence is complicity. That is why we are calling on policymakers, civic leaders, and the public to speak out—not just in defense of Dr. Cook, but in defense of every public servant facing illegitimate harassment as part of a politically motivated attack.
The coalition’s message is simple: Dr. Cook has earned her position through expertise, service, and integrity. She should be allowed to continue her work without intimidation or political interference.
If we fail to take action now, we risk sending a dangerous message to future generations of leaders: No matter how qualified you are, your leadership can be erased at the whim of those in power. We also risk losing some of the small gains in Black political representation that has emerged over the last 30 years.
We must not let that message stand.
Dedrick Asante-Muhammad
Dedrick Asante-Muhammed has been a long-time thought leader focused on racial economic inequality. He started his work as the first Racial Wealth Divide Coordinator at United For A Fair Economy. He then went on to work with Chuck Collins at Institute for Policy Studies Inequality and Common Good Program. Dedrick then went on to become the Senior Director of the Economic Department for the NAACP and currently is the Chief of Race, Wealth and Community for the National Community Reinvestment Coalition.
When US President Donald Trump attempted to remove Federal Reserve Governor Dr. Lisa D. Cook from her post, he didn’t just target one individual. He threatened the independence of the Federal Reserve and sent a chilling message to every leader serving in public life: No matter your qualifications, your service is never safe from political retribution.
Trump’s attack on Dr. Cook is also yet another attempt to delegitimize Black leadership across the highest levels of American government. That’s why my organization, the Joint Center—America’s leading Black think tank—convened a coalition of leading civil rights, economic justice, and policy organizations to stand with Dr. Cook and push back.
Dr. Cook’s credentials are beyond dispute. She’s a world-class economist who’s advised governments during global crises, served at multiple levels of the Federal Reserve System, and earned acclaim as a professor at Michigan State University.
She was elected by Midwestern community bankers to the boards of the Federal Home Loan Bank of Indianapolis and the Federal Reserve Bank of Chicago—proof of the broad trust she’s earned across the financial community.
In 2022, Dr. Cook made history as the first Black woman appointed to the Federal Reserve Board of Governors. Her appointment was a breakthrough for Black representation in economic governance. Today, that breakthrough is under threat.
President Trump’s attempt to force her out is part of a broader pattern. Time and again, he’s sought to discredit and remove Black leaders from positions of power—from insulting Rep. Maxine Waters (D-Calif.) by calling her “low IQ” to attacking prosecutors like Letitia James and Fani Willis, undermining federal judges like Tanya Chutkan, and dismissing the leadership of Maryland Gov. Wes Moore.
Attacking the tenure of a Federal Reserve governor—especially one as qualified and effective as Dr. Cook—undermines that independence and destabilizes the very system Trump claims to protect.
Trump has also ignored the will of DC residents and Mayor Muriel Bowser by ordering National Guard troops into the city’s streets.
These attacks are not random. They’re part of a deliberate strategy to weaken and delegitimize Black leadership across our institutions—from the courts to the military to economic governance.
The attack on Dr. Cook marks a dangerous escalation. The Federal Reserve is one of the most important independent institutions in our democracy. It safeguards our economy and makes decisions that affect virtually every family and business in this country.
Attacking the tenure of a Federal Reserve governor—especially one as qualified and effective as Dr. Cook—undermines that independence and destabilizes the very system Trump claims to protect.
We cannot allow this to stand.
In moments like this, silence is complicity. That is why we are calling on policymakers, civic leaders, and the public to speak out—not just in defense of Dr. Cook, but in defense of every public servant facing illegitimate harassment as part of a politically motivated attack.
The coalition’s message is simple: Dr. Cook has earned her position through expertise, service, and integrity. She should be allowed to continue her work without intimidation or political interference.
If we fail to take action now, we risk sending a dangerous message to future generations of leaders: No matter how qualified you are, your leadership can be erased at the whim of those in power. We also risk losing some of the small gains in Black political representation that has emerged over the last 30 years.
We must not let that message stand.
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