CNBC's Jim Cramer on Monday told investors why he thinks President Donald Trump's unprecedented effort to remove a Federal Reserve Board governor won't substantially impact the market.

"There have been so many shocking things coming from the White House that they're no longer shocking," he said. "At some point, this stuff gets priced in."

On Monday, Trump announced he had fired Fed Governor Lisa Cook, citing allegations she made false statements on applications for home mortgages. Cook, who was appointed to her position by former President Joe Biden, said Trump did not have cause to fire her and that she would not resign. The Fed said it would accept the court's decision about Cook's termination, CNBC reported .

Trump's attempt to remove Cook marks an escalation of his attacks on

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