The Federal Reserve is facing an unusually high-stakes meeting as President Donald Trump aggressively pushes to reshape the central bank. Trump’s administration is seeking to remove Fed Governor Lisa Cook, claiming alleged mortgage fraud, despite a federal judge ruling her firing illegal. Meanwhile, Senate Republicans aim to confirm Stephen Miran, whose dual role in the White House raises concerns over Fed independence. The Fed’s upcoming rate decision is expected to include cuts amid worsening employment data, with internal dissent anticipated. Legal battles and political interference cloud the Fed’s historic autonomy at a critical economic juncture.