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Trump said on August 25, 2025 that he was removing Federal Reserve Governor Lisa Cook over mortgage-related allegations that she disputed. Cook said he had no authority to do it and said she would challenge the move, leaving the legality of the action unresolved.
Why it matters: Fed power grab
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Trump said on August 25, 2025 that he was removing Federal Reserve Governor Lisa Cook over mortgage-related allegations that she disputed. Cook said he had no authority to do it and said she would challenge the move, leaving the legality of the action unresolved.
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Trump said on August 25, 2025 that he was removing Federal Reserve Governor Lisa Cook over mortgage-related allegations that she disputed. Cook said he had no authority to do it and said she would challenge the move, leaving the legality of the action unresolved.
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