US Edition
Maxine Waters Says Trump's Actions Warrant 25th Amendment Review
Lisa Cook challenges her removal by President Trump, arguing the allegations of mortgage fraud lack sufficient proof for termination under the Federal Reserve Act.
- On Monday, President Donald Trump removed Federal Reserve Governor Lisa Cook, alleging misrepresented mortgage information; Cook sued on Thursday to block the removal, prompting a potential Supreme Court dispute.
- Legal experts point to the Federal Reserve Act's 'for cause' removal standard, as the White House cited alleged mortgage fraud involving two homes as the basis, while Cook described it as a clerical error and critics questioned her qualifications.
- Lawmakers and allies responded by defending Cook, with Rep. Debbie Wasserman Schultz calling the allegations "preposterous"; Cook challenged the legal basis of her firing, while the White House cited "gross negligence" in its termination letter.
- Legal experts say the dispute could reach the Supreme Court as Rep. Maxine Waters, D-Calif., urged constitutional action following Federal Reserve Governor Lisa Cook's removal, intensifying scrutiny of presidential influence.
- Markets are on alert given the collision of politics and central banking, as analysts warn weakening Fed independence could pressure rates and speculation about Federal Reserve Chair Jerome Powell grows.
22 Articles
22 Articles
Colorado Springs Gazette
Senate races to confirm Trump Fed pick before interest rate meeting
President Donald Trump will likely get his wish that Federal Reserve nominee Stephen Miran be installed in time for the central bank’s meeting next month to decide whether to cut interest rates. Miran, a Heritage Foundation economist and Harvard alumnus…
Peter Navarro reveals what Fed Governor Lisa Cook needs to do amid Trump's push to fire her * WorldNetDaily * by Joe Kovacs
White House senior counsel also sounds alarm on tariff ruling: 'If we lose the case, President Trump is right. It will be the end of the United States'
Lawyer urges US judge to block Trump from firing Fed governor
A lawyer for Federal Reserve governor Lisa Cook on Friday urged a judge to temporarily block President Donald Trump from removing her, arguing that the US leader wants her out because she has not favoured cutting interest rates this year.
After Targeting New York AG Letitia James, Trump Targets Pro-Reparations Federal Reserve Member Lisa Cook Over Mortgage Fraud Allegations
Second criminal referral filed against first Black woman Fed governor as markets reject Trump’s central bank interference President Donald Trump’s escalating campaign against Federal Reserve independence has zeroed in on Governor Lisa Cook, the first Black woman to serve on the central bank’s board, with Federal Housing Finance Agency Director Bill Pulte filing a second criminal referral alleging mortgage fraud just days after a court hearing on…
Coverage Details
Bias Distribution
- 47% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
