The Federal Reserve has clapped back at President Donald Trump after he moved to fire an independent governor based on an unproven allegation made by a MAGA acolyte.

As the president doubled down on his bid to unseat Governor Lisa Cook - which would allow him to install his own board member and seize majority control of the Central Bank - the Fed issued a rare, pointed statement pushing back against the power grab.

“Congress, through the Federal Reserve Act, directs that governors serve in long, fixed terms and may be removed by the president only ‘for cause’,” a Federal Reserve spokesperson said, citing the need to have a valid, justifiable reason for termination.

“Long tenures and removal protections for governors serve as a vital safeguard, ensuring that monetary policy decisions are

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