President Trump said he would fire Lisa Cook, a Federal Reserve governor, if she did not resign. But his ability to fire a Fed governor is limited.

Cook, the first Black woman to serve on the Fed board, said she had "no intention of being bullied to step down" after Trump called for her resignation.

Here is what some of Trump's potential picks have had to say recently about interest rates and monetary policy.

Federal Reserve Chair Jerome Powell warned that President Donald Trump 's tariffs are pushing consumer prices higher and would continue to do so over the coming months.

The weekend was overshadowed by attacks from the White House on Fed Governor Lisa Cook — who at one point was confronted in the lobby of the Jackson Lake Lodge by Trump ally James Fishback, before he was removed by security personnel.

Wall Street will search for confirmation of a September interest rate cut when Federal Reserve Chair Jerome Powell speaks at the Jackson Hole symposium on Friday, a potentially pivotal moment for the market and rate-sensitive sectors in particular.

Federal Reserve Chair Jerome Powell is set to speak Friday in Jackson Hole, Wyoming, at a Fed research conference. As always, traders will be listening for hints about what might happen with interest rates at next month’s Fed meeting.