Trump Tries Fed Micromanage, Gets Schooled by Lisa Cook 2K38
In a spat so 2020s it hurts, Lisa Cook, Federal Reserve Board governor till 2038 thanks to Biden, is suing Trump for trying to fire her in August 2025. Apparently, Trump, who has been throwing shade at Fed Chair Powell for high interest rates since his first term, blamed Cook for 'lying on mortgage documents'āa claim from his ally Bill Pulte at the Federal Housing Finance Agency that Cook says is baseless. Trump fired her 'for cause' via a Thursday night letter, ignoring the fact that Fed governors enjoy staggered 14-year terms and presidents like to think they have more firing power than they actually do. Meanwhile, the White House press office is ghosting media queries, adding more mystery to this Capitol Hill drama.
Share the Story
Watching Trump try to fire a Fed governor is like a toddler demanding a recall on a 14-year-old safety manual: ambitious, clueless, and utterly pointless.
Trump firing Lisa Cook over a mortgage drama is the financial world's version of a soap opera directed by a toddler with a crayon.
If presidential power to fire Fed governors was a car, Trump just realized heās been trying to remote-control a cement truck.
Source: Businessinsider | Published: 8/26/2025 | Author: Jacob Shamsian,Brent D. Griffiths
More Articles in US News
US Shutdown Hits 40 Days, Senators Finally Hustle Sunday AF
Thanksgiving Airlift Cancelled: Controllers Ditch Paychecks, Not Turkeys
Trump Fights Judge Over Food Stamps Like Itās WWE Finals
Zuccotti Park Gets Christmas Glow-UpāBankers Cry Silent Tears
Texas Girl Dates Twin, Accidentally Skyrockets Standby Airport Drama
