US EditionWho is Lisa Cook, and what is Federal Reserve governor accused of?
- On Monday, President Donald Trump dismissed Federal Reserve Governor Lisa Cook amid accusations of mortgage fraud related to property claims.
- The firing followed accusations from Bill Pulte, Trump’s Federal Housing Finance Agency Director, who alleged Cook claimed two properties as primary homes in 2021 to secure better mortgage terms.
- Cook denied wrongdoing, stating she will not be bullied to resign and intends to respond seriously to questions about her financial history amid an ongoing Justice Department investigation.
- Markets reacted mildly as investors anticipate earlier and possibly further interest rate cuts, while strategists warn the firing raises concerns about the Fed's independence and political influence.
- The dismissal signals intensified political efforts by Trump to control the Fed’s policymaking, potentially leading to legal battles and broader impacts on the agency’s autonomy and financial markets.
268 Articles
268 Articles
Surprise! Paul Krugman Doesn’t Know Much About Law Either When it Comes to Firing Fed Governors
Surprise! Paul Krugman Doesn’t Know Much About Law Either When it Comes to Firing Fed Governors New York Times has-been Paul Krugman had enough trouble trying to sell his bona fides as a serious economist without making himself look more foolish mucking about with issues beyond his imaginary expertise. Federal law as it pertained to the president’s ability to fire Federal Reserve governors is no exception. Krugman took to his unhinged Substack …
Trumponomics 2.0 Comes to the Federal Reserve - Liberty Nation News
By Andrew Moran President Donald Trump fired Federal Reserve Governor Lisa Cook this week. In an Aug. 25 letter posted on Truth Social, the president terminated Cook “for cause,” citing mortgage fraud allegations recently presented by Bill Pulte, head of the Federal Housing Finance Agency. Despite Cook not being found guilty of anything, the accusation was enough for […]
Black Lawmakers Blast Trump Over ‘Racist’ Firing of Fed Governor Lisa Cook
The Congressional Black Caucus had harsh words for President Donald Trump in a statement supporting Federal Reserve Governor Lisa Cook. Last week, the Spelman College grad came under fire from the president in a social media post alleging that Cook committed mortgage fraud. While Cook has not officially been charged with any crimes, he called for her to resign. A distinguished economist, the Georgia native is the first Black woman to sit on the …
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