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Trump’s attempt to fire Fed Governor Cook is “unprecedented.”
Yahoo Finance·2025-08-28 15:22

It is unprecedented. I've never seen anything like it. I mean, the Fed has come under pressure in the past from the White House famous cases in the 1980s.Paul Vulker uh almost resigned when uh Reagan administration officials pushed him to cut interest rates in the 1970s. Arthur Burns was under a lot of pressure. Well, I haven't seen anything like this where a governor is being told to step down, is being fired by the president.If Lisa Cook did commit fraud, if she uh made misstatements on her mortgage appli ...