Trump and his allies are reportedly restarting their offensive to reshape the Federal Reserve, with the goal of replacing Powell and Brainard.

The Supreme Court's ruling this week thwarted President Donald Trump's attempt to dismiss Federal Reserve Board member Lisa Cook, but he and his allies are gearing up to reshape the Fed. Informed sources revealed that senior government officials and external allies are actively studying how to replace members of the Washington Fed board in order to install more Trump-friendly candidates. The sources, who requested anonymity, stated that despite the Supreme Court temporarily allowing Cook to remain in office, she remains a target for removal, as does former Chairman Jerome Powell. While the Supreme Court's ruling reinforced the Fed's autonomy from the executive branch, some observers have pointed out that the ruling is limited in scope and have warned that it cannot fully protect the Fed from future political attacks. In addition, the sources said that Trump's allies have not backed down and instead believe that the ruling provides a procedural roadmap on how to successfully remove Cook, so they are intensifying their efforts.