United States of America

Fed's Cook Fights Back Against Removal Bid by Trump

Is Trump's Cook firing a hypocritical attack on Fed independence or a justified response to mortgage fraud?

3 hours ago·Updated 2 hours ago

Fed's Cook Fights Back Against Removal Bid by Trump

Story

Above: Lisa Cook in Washington, D.C. on July 14. Image credit: Daniel Heuer/Bloomberg/Getty Images

The Spin

Anti-Trump narrative

Trump's push to fire Cook continues to be a blatant power grab that puts the Fed's independence on the chopping block. If he succeeds, he'd stack the board with loyalists and pressure the Fed to slash rates for political gain. Conveniently, Bessent and others in Trump's cabinet allegedly committed the same offense as Cook, yet they've faced zero consequences.

Piyush Mittal on X Black Information Network

Pro-Trump narrative

Cook committed a clear integrity breach that gives the president legal cause to fire her under the Federal Reserve Act. Fed independence protects monetary policy from politics, not governors from alleged document fraud. Ordinary Americans go to prison for this kind of misrepresentation, and public officials shouldn't get a pass just because they hold a powerful seat.

The Federalist

Richard Christopher Whalen on X