A.M. Edition for Aug 26. President Trump says he’s removing Federal Reserve governor Lisa Cook, escalating his campaign against the central bank. The WSJ’s Alex Frangos helps us make sense of whether he actually has the authority to fire Cook, and what this means for the Fed’s independence. Plus, U.S.-China trade talks are set to resume this week. And WSJ correspondent Yaroslav Trofimov reports that Russia faces a fuel crunch, as Ukraine steps up its drone attacks on the country’s refineries. Azhar Sukri hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

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“What did the council decide on item 42?” — answered with the speaker and the moment.