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Politics / Trump’s Attempt to Fire Lisa Cook From the Fed Is a Naked Power Play The president’s targeting the Federal Reserve governor over a technicality is blatantly politically motivated. Lisa Cook is sworn in during a Senate Banking nominations hearing on June 21, 2023, in Washington, DC. (Drew Angerer / Getty Images) The day after President Donald Trump declared that he intends to...

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UPDATE (Aug. 28, 2025, 10:26 a.m. ET): On Thursday morning, Lisa Cook officially sued President Donald Trump over his "unprecedented and illegal" efforts to remove her from the central bank. She is also requesting an emergency temporary restraining order. Donald Trump is trying to do something no American president has ever done: fire a sitting governor of the Federal Reserve for political...

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“The unsubstantiated mortgage fraud allegations that allegedly occurred prior to Governor Cook’s Senate confirmation do not amount to ‘inefficiency, neglect of duty or malfeasance in office,’” the lawsuit says, “nor has the president alleged that they do.” Inefficiency, neglect of duty and malfeasance in office are the three types of misconduct generally regarded under law as grounds for the...

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Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. Back in May, when the Supreme Court approved President Donald Trump’s decision to fire the leaders of once independent government agencies at his discretion, the conservative justices laid out one sole exception: The Federal Reserve, as the nation’s regulator of...

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We’re not seeing much upside in President Donald Trump’s bid to fire Lisa Cook from the Federal Reserve Board, just a lot of risk. For starters, he seems to have chosen needlessly weak grounds: The “cause” he says he’s axing her for consists of allegations from Bill Pulte, the Federal Housing Finance Agency chief, that Cook in 2021 fraudulently claimed two separate properties as her “primary...

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That deafening silence on Tuesday was Republicans and business leaders reacting to Donald Trump’s latest authoritarian power grab: his effort to fire Lisa Cook, a Federal Reserve governor, based on unproved allegations of mortgage fraud from one of his lackeys, Bill Pulte, the director of the Federal Housing Finance Agency. On Monday night, Cook said she wouldn’t resign, and on Tuesday, her...

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