Free Republic

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...

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...

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.

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,...

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...

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!

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...

US President Donald Trump has said he will immediately remove Federal Reserve official Lisa Cook from her position, in a major escalation in his battle against the US central bank. He said there was "sufficient reason" to believe Cook had made false statements on mortgage agreements, and cited constitutional powers which he said allowed him to remove her. In response, Cook said Trump had no authority to fire her and she would not resign.

U.S. stock futures were lower Tuesday, adding to a slide in the major averages to start the week, after President Donald Trump removed Federal Reserve Governor Lisa Cook from the board of the central bank....Trump’s unprecedented move adds to the pressure the president has been putting on the central bank’s independence. By law, a president may only remove Fed governor “for cause.” As a result, it is possible the matter will be challenged in the courts.

President Biden's nominee for governor of the Federal Reserve has said repeatedly that she supports reparations, the controversial proposed policy of financial compensation for Black Americans as a form of atonement for slavery and discrimination. "Everybody benefited from slavery. Everybody," Lisa Cook, a Michigan State University professor, said in a September 2020 "EconTalk" podcast. "So, I think that we absolutely need some sort of reckoning with that. There are many proposals on the table to study the possibility of reparations, many economic proposals being put forward, and I think they should all be taken seriously." Biden said during the 2020...

Menu ADVERTISEMENT Medicare Now Covers This Life-Changing COPD Breakthrough Medicare Now Covers This Life-Changing COPD Breakthrough Carda Health BREAKING: President Trump Fires Biden-Appointed Federal Reserve Governor Lisa Cook Amid Mortgage Fraud Allegations by Cristina Laila Aug. 25, 2025 7:20 pm41 Comments TruthTweetShareGettrGab Promises made, promises kept. President Trump on Monday evening fired Biden-appointed Federal Reserve Governor Lisa Cook amid mortgage fraud allegations. “Pursuant to my authority under Article II of the Constitution of the United States and the Federal Reserve Act of 1913, as amended, you are hereby removed from your position on the Board of Governors of the Federal...

President Trump fired Federal Reserve Gov. Lisa Cook Monday over allegations that she committed mortgage fraud. “Pursuant to my authority under Article Il of the Constitution of the United States and the Federal Reserve Act of 1913, as amended, you are hereby removed from your position on the Board of Governors of the Federal Reserve, effective immediately,” Trump wrote in a letter addressed to Cook, which he posted on Truth Social. Cook, however, argued that Trump has “no authority” to fire her and indicated that she’s not leaving her post, in a statement. “President Trump purported to fire me ‘for...

The first Black woman to serve on the Federal Reserve board, Ms. Cook has long been a pathbreaker in a field dominated by white men.Years before Lisa Cook became President Trump’s latest target in his effort to exert control over the Federal Reserve, she wrote about her experience as one of a relative handful of Black women in a field long dominated by white men.“Economics is neither a welcoming nor a supportive profession for women,” she and a colleague wrote in a New York Times opinion essay in 2019. She added, “But if economics is hostile to women, it is...