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Cook

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Appeals court rejects Trump’s bid to unseat Federal Reserve governor Lisa Cook ahead of rate vote

An appeals court ruled Monday that Lisa Cook can remain a Federal Reserve governor, rebuffing President Donald Trump’s efforts to remove her just ahead of a key vote on interest rates. The Trump administration is expected to quickly turn to the Supreme Court in a last-ditch bid to unseat Cook. The Fed’s next two-day meeting to consider its next interest rate move begins Tuesday morning. And Cook’s lawsuit seeking to permanently block her firing must still make its way through the courts. […]

todaySeptember 17, 2025

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Trump accused Lisa Cook, Letitia James of mortgage fraud — but his own Cabinet did the same

President Donald Trump and his administration have targeted his perceived political enemies in recent months, accusing them of committing fraud for listing multiple mortgages as their primary residences. The alleged actions resulted in Bill Pulte, Trump’s director of the Federal Housing Finance Agency, issuing criminal referrals to the U.S. Department of Justice. “Fraud will not be tolerated in President Trump’s housing market,” Pulte previously warned. On the Trump administration’s hit list is Federal Reserve Board Governor Lisa Cook, whom the […]

todaySeptember 5, 2025

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Fed Gov. Lisa Cook slaps Trump administration with lawsuit to block her attempted firing

Federal Reserve Governor Lisa Cook, has sued the Trump administration in an effort to overturn the president’s attempt to fire her, launching an unprecedented legal battle that could significantly reshape the Fed’s longstanding political independence. The lawsuit seeks an injunction to block her firing and “confirm her status” as a member of the Fed’s governing board. No president has sought to fire a Fed governor in the institution’s 112-year history until Trump posted a letter on media late Monday saying that […]

todayAugust 28, 2025 1

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‘Racist, misogynistic, and unlawful attack’: Trump’s attempt to fire Lisa Cook draws accusations of authoritarianism

Donald Trump became the first president to attempt to remove a member from the Federal Reserve Board of Governors in the central bank’s 111-year history. In a letter on Monday, President Trump announced that Lisa Cook, the first Black woman and woman of color to serve on the Fed board, was “removed” from her Senate-confirmed, 14-year-long role “effective immediately.” The presidential act sets up an unprecedented legal battle. It challenges the independence of the Federal Reserve, which Trump has pressured […]

todayAugust 26, 2025 1

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Trump fires Lisa Cook, first Black woman on Federal Reserve Board, opening new front in fight for control over central bank

President Donald Trump fired Federal Reserve Governor Lisa Cook late Monday, a sharp escalation in his battle to exert greater control over what has long been considered an institution independent from day-to-day politics. Trump said in a letter posted on his Truth Social platform that he is firing Cook because of allegations that she committed mortgage fraud. Bill Pulte, a Trump appointee to the agency that regulates mortgage giants Fannie Mae and Freddie Mac, made the accusations last week. Pulte alleged that Cook […]

todayAugust 26, 2025