Trump Administration Pressures Fed Governor Over Fraud Allegations

The Trump administration is escalating its campaign to remove Federal Reserve governor Lisa Cook after she refused to resign amid unproven allegations of mortgage fraud. President Trump has publicly demanded her resignation, claiming she submitted fraudulent information, while Cook asserts she will not be 'bullied' into stepping down.

Bloombergan hour ago

Trump Says He'll Fire Fed's Cook if She Doesn't Resign

NegativeFinancial Markets

Trump threatens to fire Fed governor Lisa Cook if she doesn't resign, highlighting tensions between his administration and the Federal Reserve. Kathryn Edwards analyzes the potential economic impacts of this conflict.

Editor’s Note: This situation is significant as it reflects the ongoing friction between the Trump administration and the Federal Reserve, which could have serious implications for economic policy and stability.

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via Bloomberg

Investing.com4 hours ago

Trump says he'll fire Fed's Cook if she doesn't resign over mortgage questions

NegativeFinancial Markets

Trump has threatened to fire Federal Reserve official Cook if she does not resign amid concerns over mortgage-related questions.

Editor’s Note: This situation highlights the ongoing tensions between political figures and the Federal Reserve, raising questions about the independence of financial institutions and their officials.

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via Investing.com

The New York Times4 hours ago

Trump Threatens to Fire Fed Governor Lisa Cook If She Does Not Resign

NegativeFinancial Markets

Former President Trump has threatened to fire Federal Reserve Governor Lisa Cook if she does not resign. This statement raises concerns about political interference in the central bank's operations.

Editor’s Note: This situation is significant as it highlights the ongoing tensions between political figures and the Federal Reserve, which is crucial for maintaining economic stability. Trump's threats could undermine the independence of the Fed, affecting public trust and financial markets.

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via The New York Times

Bloomberg4 hours ago

Trump: Will Fire Fed’s Cook If She Doesn’t Resign

NegativeFinancial Markets

President Donald Trump threatened to fire Federal Reserve Governor Lisa Cook if she does not resign amid mortgage-fraud allegations. This statement raises concerns about political influence over the Fed's independence.

Editor’s Note: This situation is significant as it highlights the tension between the White House and the Federal Reserve, which is supposed to operate independently. Trump's comments could impact public trust in the Fed's decision-making.

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via Bloomberg

The Guardian21 hours ago

Trump officials urge Fed to remove governor after she refuses to quit

NegativeFinancial Markets

The Trump administration is intensifying its efforts to remove Federal Reserve governor Lisa Cook after she refused to resign, citing claims of mortgage fraud against her.

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via The Guardian