President Donald Trump is preparing to move swiftly to replace Federal Reserve Governor Lisa Cook, a day after formally notifying her of his intent to remove her from the central bank’s seven-member Board of Governors, according to people familiar with the matter. The Wall Street Journal and Reuters report that the White House is weighing Stephen Miran, a former senior Treasury adviser, and David Malpass, the former World Bank president, among others for the vacancy. Trump told reporters that he has “good people” in mind and that the Fed needs officials who are “100% above board.” If confirmed, a new nominee would give Trump appointees four of the board’s seven seats, potentially shifting the balance of power at the top of the U.S. central bank. Cook, appointed in 2022, has denied wrongdoing and signaled she plans to challenge her dismissal in court. An announcement could come within days, setting up a potentially contentious Senate confirmation battle that will be closely watched by investors for clues about the future direction of monetary policy.