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White House responds to Supreme Court allowing Fed's Lisa Cook to keep job for now
Youtube· 2025-10-01 16:39
Yeah, Sarah, we're getting a reaction now from the White House to that Supreme Court decision to allow Lisa Cook to stay on the Federal Reserve Board. The White House says President Trump lawfully removed Lisa Cook for cause from the Federal Reserve Board of Governors. We look forward to ultimate victory after presenting our oral arguments before the Supreme Court in January.That's a statement from a White House spokesperson. Uh so, look, the the White House is asserting that they were right to do what they ...
Federal Court Temporarily Blocks Trump's Firing Of Fed Governor Lisa Cook
Forbes· 2025-09-10 05:30
Core Viewpoint - A federal judge has temporarily halted President Trump's attempt to remove Federal Reserve governor Lisa Cook, allowing her to remain in her position while her legal challenge progresses [1][2]. Group 1: Legal Ruling - Judge Jia Cobb ruled that Cook's removal was likely in violation of the Federal Reserve Act's "for cause" provision, which is limited to a governor's behavior in office [2]. - The ruling also highlighted that Cook's procedural rights under the Fifth Amendment's Due Process Clause were violated, and she could face irreparable harm from her removal [2]. Group 2: Implications for Federal Reserve - The preliminary injunction allows Cook to attend an important Federal Reserve policy meeting scheduled for September 16 and 17, where a vote on lowering interest rates is expected [3]. - The Federal Reserve has acknowledged Cook's intention to challenge her removal and stated that it will abide by any court decision [3]. Group 3: Statements from Legal Representatives - Cook's lawyer emphasized that the ruling protects the independence of the Federal Reserve from illegal political interference, asserting that unsubstantiated allegations against Cook could jeopardize financial stability and the rule of law [4].
Andrew Ross Sorkin: Why Trump may not have power to fire Fed Governor Cook
MSNBC· 2025-08-26 17:24
We can't reach fraud in America and you surely can't have it for your leaders. I mean, imagine anyone in the cabinet who did this. You guys would be calling for their head.This woman should go away if she's committed the mortgage fraud. And those signatures sure as heck look like hers. Irony is Mhm.dead. Yeah. Dead.Like, bring the flowers. put it on the grave. I mean, really.Yeah. Really. That's kind of like going after Bolton for mishandling classified documents.Irony is dead. Yes. And this is this concept ...
X @Bloomberg
Bloomberg· 2025-07-18 09:06
Interference in the independence of the Federal Reserve would be felt outside of the US, according to Bundesbank President Joachim Nagel https://t.co/620zFWOv0R ...