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Ro Khanna says Lisa Cook ‘should release’ her records despite Trump trying to ‘bully the Fed’
NBC News· 2025-08-31 13:38
Federal Reserve & Politics - Accusations of mortgage fraud against Fed Governor Lisa Cook are seen as politically motivated interference with the Fed, reminiscent of Nixon's tactics [1][2] - Transparency is advised, suggesting Lisa Cook should release mortgage documents to counter allegations and expose political motivations [4] Economic Policy & Impact - Blanket tariffs are identified as a key driver of inflationary pressure, hindering the Fed's ability to cut rates [3] - The administration's economic policies, including blanket tariffs and mass deportations, are blamed for a decline in consumer confidence and negative impacts on manufacturing and farm closures [3][6] Economic Indicators - Consumer confidence has declined for seven consecutive months [5] - Farm closures have doubled [5] - Manufacturing expansion has decreased every month [5] - Unemployment for young people, especially recent college graduates, is nearly 11% [6]