Which Federal Reserve Governor did Trump say he would fire?

• A. Jerome Powell
• B. Lisa Cook
• C. Lael Brainard
• D. Mary Daly

Answer: (B)

The correct answer is Jerome Powell. Trump publicly expressed dissatisfaction with Powell, who has served as the chair of the Federal Reserve since February 2018, particularly regarding monetary policy decisions. Trump repeatedly criticized Powell for raising interest rates, arguing that such actions were detrimental to the economy and stock market performance. His statements suggested a desire to replace Powell, which signified the tension between presidential influence and the independence of the Federal Reserve.

Lisa Cook, while a notable figure and the first Black woman to serve on the Federal Reserve Board, was not the subject of Trump's comments regarding potential dismissal. Instead, she was appointed to the board in May 2022, which is after the critical period of Trump's presidency. Other figures like Lael Brainard and Mary Daly have also not faced similar public threats of dismissal from Trump during his presidency.