Trump Signals He Wants to Fill Federal Reserve Board With Allies

President Donald Trump’s battle with the Federal Reserve is heating up after his abrupt move to fire Lisa Cook, a member of the Fed’s Board of Governors. Cook’s lawyer is now vowing to sue the Trump administration to challenge her removal which he calls an “illegal action.” It comes as Trump indicated in a cabinet meeting Tuesday that he wants to fill the board with allies. "We'll have a majority very shortly," he said. NBC’s Peter Alexander reports for TODAY from the White House.