Trump's Last-Minute Attempt to Remove Fed Governor Lisa Cook

Trump's eleventh-hour bid to oust Fed Governor Lisa Cook over alleged mortgage fraud threatens to disrupt the Federal Reserve's independence just days before a crucial interest rate decision. Accused of declaring two homes as primary residences for better loans before joining the Fed, Cook faces removal attempts fueled by a prominent Trump supporter. With a lower court blocking Trump's initial move, an appeals court now holds the power to potentially allow her dismissal, sparking fears of political interference in economic policy and a possible Supreme Court showdown. The Fed remains neutral, but the outcome could redefine the central bank's autonomy. Hosted on Acast. See acast.com/privacy for more information.