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Trump administration renews push to fire Fed governor Lisa Cook ahead of key vote
The Justice Department asserts the president has sole authority to remove Fed governor Lisa Cook amid allegations, seeking to bar her from a critical interest rate vote this week.
- President Trump attempted to remove Federal Reserve Board member Lisa Cook, citing accusations of mortgage fraud, ahead of the upcoming Fed meeting to decide on interest rates.
- Trump's removal effort relies solely on claims from Bill Pulte, Trump appointee and FHFA director, although no criminal charges exist against Cook.
- A district court blocked Trump's dismissal, but Justice Department lawyers argued Sunday that the president alone holds unfettered authority to remove Cook for cause.
- Reuters reports and legal analysts have weakened Pulte's allegations, noting that establishing bank fraud requires more than mortgage inconsistencies.
- The ongoing legal dispute may prevent Cook from voting at the Fed meeting, while economists warn that political pressure on the central bank could disrupt its independence.
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A voice from the White House says president removed Lisa Cook "in a legal and just way"
·Brazil
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Trump Administration Renews Push to Fire Fed Governor Lisa Cook Ahead of Key Vote
President Donald Trump’s administration renewed its request Sunday for a federal appeals court to let him fire Lisa Cook from the Federal Reserve’s board of governors, a move the president is seeking ahead of the central bank’s vote on interest rates.
·New York, United States
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Total News Sources18
Leaning Left8Leaning Right2Center4Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 29%
14%
Factuality
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