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Lisa Cook, the Federal Reserve governor battling Donald Trump

Economist’s legal showdown with the president will have sweeping implications for the US central bank

Lisa Cook, the first Black woman to serve as a Federal Reserve governor, is used to a fight. She has the scars in her eyebrow and leg to prove it.

Growing up in a small rural town in Georgia, Cook says she was beaten up by a white child during the early days of desegregation, when white-only schools were finally opened up to Black students.

“The reason I know that it was a racist incident was because the child called me the ‘N-word’ and I’d never heard it before,” she said in an IMF podcast in 2022, adding she had to go “home to ask what [the word] meant”.

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