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President Donald Trump has asked the Supreme Court to allow him to fire Federal Reserve board member Lisa Cook, setting up a test of the president’s ability to take control of the powerful interest-rate setting body. The Justice Department on Thursday asked the high court to reverse the decisions of two lower courts that allowed Cook to remain in her position while the broader legal fight is underway. Their decisions enabled Cook to participate in a meeting this week that resulted in a quarter-point reduction in the interest rate. Trump’s incursion on the Federal Reserve is the culmination of his...

Federal Reserve Chairman Jerome Powell declined Wednesday to comment on the ongoing legal battle between Federal Reserve Governor Lisa Cook and the Trump administration over her role at the central bank. "I see it as a court case that it would be inappropriate for me to comment on," Powell said when asked at the conclusion of the two-day Federal Open Market Committee (FOMC) meeting. The Federal Reserve has previously acknowledged the potential legal feud and wrote in an Aug. 26 statement that the Fed will "abide by any court decision." On Tuesday, the Trump administration vowed to take its fight...

A federal appeals court has blocked President Trump from firing a member of the Federal Reserve's governing board, just ahead of a key vote on interest rates. On a two-to-one vote, the divided court upheld an earlier decision from a district judge who found that firing Lisa Cook would likely violate the Federal Reserve Act, which includes provisions designed to insulate the central bank from political pressure from the White House. The decision comes just days before the Fed's rate-setting committee is expected to vote to lower its benchmark interest rate for the first time this year. Trump has been...

Sept. 13 (UPI) -- Federal Reserve Gov. Lisa Cook described the Atlanta condominium she bought in 2021 as a second home, according to documents reviewed by The New York Times and The Washington Post. A filing from May 2021 listed the property's use as a "vacation home" and a December 2021 form she provided to the Biden administration called the condo a second home, the Washington Post reported. She submitted the December document after President Joe Biden nominated her to join the Federal Reserve's Board of Governors. A similar review by The New York Times reaches the same conclusions but...

A federal judge on Tuesday night blocked President Donald Trump from firing Federal Reserve Governor Lisa Cook as her lawsuit challenging her termination plays out in court. Judge Jia Cobb’s issuance of a temporary restraining order in the case came nearly two weeks after Cook sued Trump to prevent him from removing her from the central bank. "The public interest in Federal Reserve independence weighs in favor of Cook’s reinstatement,” Cobb wrote in an opinion on her decision Tuesday. Cobb’s order enjoins Fed Chairman Jerome Powell and the Board of Governors “from effectuating in any manner” Cook’s removal because of...

This is not the hill for the Democrats to die on.I haven’t written about it here at The American Spectator, at least that I can remember, but I’m becoming a subscriber to the theory that Donald Trump is the kryptonite to Saul Alinsky’s Superman.What I mean by that is the Alinskyite Left, which encompasses basically the whole of today’s Democrat Party ever since Barack Obama took it over in the mid-2000s, is built on a definite roster of political tactics and principles, and those tactics and principles are calibrated to defeat a certain type of opponent. (RELATED: Hillary and Obama...

Federal Reserve Board Governor Lisa Cook “did not ever commit mortgage fraud,” her lawyer Abbe Lowell said Tuesday in a new court filing bolstering arguments why a judge should temporarily block President Donald Trump from firing her. Lowell argued in the same filing that any of Cook’s statements that she made on mortgage applications — which Trump has cited as the reason for her termination — do not give the president legal cause to remove her. Lowell said multiple federal government entities received her mortgage details before the Senate first confirmed her nomination to the Fed in May 2022. The...

Guest post by Robert Bowes Will Too Late Jay Powell allow an illegitimate Fed meeting September 16-17, 2025? Cook’s false occupancy statements on mortgage applications are confirmed by her numerous errors and omissions in her signed U.S. Office of Government Ethics financial filings. But wait, there’s more. Did Cook exploit regulatory lapses at a free-wheeling DC credit union where they ignored risks and gave her two low-interest rate mortgages? Cook likely could not have tricked the underwriting systems at major banks, Fannie Mae, and Freddie Mac, but was approved for two first mortgages from Bank-Fund Staff Federal Credit Union (“BFSFCU”),...

A key leader in the world economy is warning that undue interference in the Federal Reserve’s operations by President Donald Trump could pose a serious economic risk to the U.S. and the rest of the world. European Central Bank President Christine Lagarde said in an interview with Radio Classique on Monday that efforts to remove Fed Chair Jerome Powell or Fed Governor Lisa Cook would “represent a very serious danger for the U.S. economy and the world economy.” “If U.S. monetary policy were no longer independent and instead dependent on the dictates of this or that person, then I believe...

They politicized the central bank under Obama and Biden, including by appointing Lisa Cook.It’s hard not to gag over the dirges in the press for the Federal Reserve’s “independence.” Or the encomiums to Gov. Lisa Cook, the Biden appointee President Trump fired last week, who has become a martyr for a cause Democrats didn’t much care about when they were in charge of Washington. “How the Future of the Fed Came to Rest on Lisa Cook” was a front-page New York Times headline on Saturday. Please. Democrats during the Obama and Biden presidencies tried to co-opt the central bank to...

President Donald Trump is attempting to fire Lisa Cook, one of the board members of the Federal Reserve. Mainstream commentators have described this as an unprecedented attack on the Fed's autonomy—no president has ever dismissed a member of the board, which is supposed to operate independent of political pressure—while conservatives say the allegations against Cook make her a special case. (Many libertarians, on the other hand, care less about tinkering with the Fed's composition and instead want to abolish it outright.) The Trump administration has accused Cook of committing mortgage fraud; William Pulte, director of the Federal Housing Finance Agency,...

Good thing Jackie Alemany, co-host of MSNBC's The Weekend, wasn't being dramatic on Sunday. Otherwise, she might have said something like "The continued existence of all life on earth hangs in the balance!" Instead, the utterly undramatic Alemany merely said that if Federal Reserve Board Governor Lisa Cook was fired, "The stability of the global economy hangs in the balance." Alemany warned that global markets could enter a "red zone" if Cook's tenure went kaput.Get the rest of the story and view the video here.

You can’t make this up. On Friday morning, embattled Federal Reserve Governor Lisa Cook, recently fired by President Trump over allegations of fraud and misconduct, appeared in federal court to challenge her dismissal. The case was heard by none other than Judge Jia Cobb, a radical Biden-appointed judge already notorious for shamelessly blocking Trump’s lawful mass deportation orders. .... Snip.... Roger Stone @RogerJStoneJr Yeah I'm certain that it's just a coincidence that the Clerk of the DC court just happened to send fired Federal Reserve Board Member Lisa Cook's lawsuit to the Federal District judge who was Cook's sorority sister.

The software company founded by billionaire Peter Thiel has enabled his buddy, President Donald Trump, to conduct hardcore AI lawfare beyond its previous bounds. Those bounds appear to now include the Federal Reserve Board after Trump told its Governor Lisa Cook she was fired earlier this week. The hit was achieved with - snip - Bill Pulte, who seized a chance to make a mark for himself when President Trump appointed him to the usually low-profile position of director of the Federal Housing Finance Agency (FHFA). Pulte took his first big step toward becoming his own man back in May,...

**SNIP** Pulte discovered that in April 2021, Cook entered a 15-year mortgage for a condominium in Cambridge, Mass., for $361,000, and attested to the lender that the property would serve as a “second home.” Eight months later, Cook signed a government ethics form and disclosed that the Cambridge property was being used as an “investment/rental property,” according to the Trump administration official. In four subsequent disclosures, between 2022 and 2025, Cook continued to list her condo as a rental property and not as her “second home.” “Second homes receive lower mortgage costs than investment properties, because investment properties are inherently...

It’s time to call a spade a spadeThe notion that the Fed is some kind of sterling institution needs to be put to bed. This is particularly true of the Powell Fed which has experienced multiple scandals involving criminal activity. The fact that no one went to jail because “laws are for little people” doesn’t absolve the Fed.Let’s wind back the clocks.During the pandemic, when millions of people were losing their jobs, despairing of their futures, and terrified of dying, senior Fed officials were making MILLIONS of dollars trading on insider information based on Fed policy decisions.Specifically, three Fed Presidents,...

US Homeland Security News @defense_civil25 🚨Alert: President Trump orders US Marshals to remove Defiant Fed Governor Lisa Cook after she refuses to step down!

Mr. Trump has resisted his itch to fire Fed Chair Jerome Powell on the savvy advice that he could rattle markets and trigger an extended court battle. But Ms. Cook said Tuesday she’ll challenge her removal, so Mr. Trump will still get his legal fight in what could be a landmark case. The Cook firing is a calculated putsch. Federal Housing Finance Agency director Bill Pulte teed up the dismissal last week when he posted a criminal referral for Ms. Cook on social media. He said she may have committed mortgage fraud by claiming two different homes as primary residences...

Summary Trump says he has 'cause' to remove Fed governor Cook's lawyer says she will take matter to court Another open board seat could boost Trump's influence over Fed Market reaction to Trump's move on Cook muted WASHINGTON, Aug 26 (Reuters) - Federal Reserve Governor Lisa Cook will file a lawsuit to prevent President Donald Trump from firing her, a lawyer for the embattled central bank official said on Tuesday, kicking off what could be a protracted legal fight over the White House's effort to shape U.S. monetary policy."His attempt to fire her, based solely on a referral letter, lacks...

Key Points Federal Reserve Board Governor Lisa Cook will file a lawsuit challenging her removal by President Donald Trump, her attorney said. “President Trump has no authority to remove Federal Reserve Governor Lisa Cook,” the lawyer, Abbe Lowell, said in a statement. =============================================================== Federal Reserve Board Governor Lisa Cook will file a lawsuit challenging her removal by President Donald Trump, her attorney said Tuesday. “President Trump has no authority to remove Federal Reserve Governor Lisa Cook,” the lawyer, Abbe Lowell, said in a statement, a day after Trump cited allegations of mortgage fraud by Cook in firing her. “His attempt...