Recently, The Federal Reserve Board of Governors member Lisa Cook made rare strong statements in response to presidential impeachment remarks: "He has no authority to fire me, and I will not resign." This statement not only reflects Cook's personal stance but also represents the Fed's firm resistance to political interference.

Cook's confidence comes from the special position of the Federal Reserve Board of Governors. As a governor who took office in 2022, she has a guaranteed term of 14 years, until 2038. The law clearly states that governors can only be removed for misconduct, criminal acts, or serious misbehavior. This system design aims to ensure the independence of the Fed and prevent political pressure due to policy disagreements.

There are multiple obvious loopholes regarding the accusations against the President: first, the mortgage dispute in question occurred before Cook joined the Fed, and the Senate had conducted a background check during the confirmation; second, the so-called "fraud" allegations lack sufficient evidence to support them, and Cook can fully explain it as a temporary living arrangement due to interstate work; finally, in the century-long history of the Fed, there has never been a precedent for a President successfully removing a Governor, and this incident seems more like a public relations battle.

The core of this controversy is essentially a battle for the independence of the Federal Reserve. Even if there are policy disagreements within the Fed, they will be resolved within the established institutional framework, and direct intervention from the executive branch will not be allowed. Cook's tough stance actually represents the collective response of the entire Federal Reserve to executive interference, with the judicial process serving as the last line of defense.

In summary, the likelihood of the president wanting to remove Cook through executive power is extremely low. Cook is protected by term guarantees and legal protections, making this conflict more of a political performance. What is truly being tested is the independence and checks and balances of the American financial system. This incident once again highlights the importance of protecting the independence of financial regulatory agencies and the complexity of the checks and balances in the American political system.