US EditionHere's What Current and Former Fed Officials Are Saying About Lisa Cook Investigation
Trump criticized Federal Reserve Chair Jerome Powell's rate cut timing and threatened to fire Governor Lisa Cook over mortgage fraud allegations, intensifying divisions within the Federal Reserve board.
- On Friday, U.S. President Donald Trump said he would fire Federal Reserve Governor Lisa Cook if she does not resign, escalating tensions by publicly attacking Chair Jerome Powell in a Truth Social post.
- Federal Housing Finance Agency Director William Pulte accused Cook of misclassifying two homes as primary residences in 2021 and requested a probe, leading the Justice Department to open an investigation Thursday.
- Cook responded that she would not be bullied and is gathering financial records, while Maxine Waters said, `Their latest target is Dr. Lisa Cook, a highly qualified, trailblazing economist.` Senator Elizabeth Warren condemned the threats on Friday.
- Control of the Fed's Board hinges on removing Cook, as she is one of three Biden-appointed governors with 14-year terms complicating long-term control of the seven-member Board of Governors of the Federal Reserve.
- Fed Chair Jerome Powell signaled Friday that rate cuts could come in the months ahead, prompting rallies in homebuilders, small caps, and regional banks as Christopher Waller leads Fed chair succession odds at 51% on Kalshi.
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Trump Mocks Biden's Fed Board After Powell's Jackson Hole Speech, Labels Chair 'Too Late,' Puts Red X On Cook As President Teases Top Successor - Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)
President Donald Trump escalated his Federal Reserve confrontation Friday, threatening to fire Governor Lisa Cook while mocking Chair Jerome Powell as “Too Late” in a Truth Social post that divided Fed board members into opposing camps.
·New York, United States
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Coverage Details
Total News Sources15
Leaning Left3Leaning Right2Center3Last UpdatedBias Distribution38% Left, 38% Center
Bias Distribution
- 38% of the sources lean Left, 38% of the sources are Center
38% Center
L 38%
C 38%
R 25%
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