Trump allies are renewing efforts aimed at reshaping the Federal Reserve after a U.S. Supreme Court ruling blocked the removal of Governor Lisa Cook—while allowing new procedural paths, according to people familiar with the discussions. Reporting says Trump’s team is exploring how to remove additional members of the Fed’s Board of Governors, and also sees another opening through a potential Atlanta Fed vacancy. The effort matters to higher education because Fed policy influences interest rates, borrowing costs, and state and institutional budgeting across the sector. Trump has framed court action as a procedural matter and told CNBC the administration would “start the process.” Markets and economists have been weighing how much the narrow ruling truly shields Fed independence from future political pressure.