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2025-08-27 Government Corruption
Trump says he's ‘always' ready for legal fight as ousted Fed governor Lisa Cook plans lawsuit
In the wake of the unprecedented removal of a Federal Reserve governor, President Donald Trump doubled down on his decision Tuesday, saying he is "always" ready for a legal fight after the ousted governor, Lisa Cook, signaled she would pursue legal action.

"She seems to have had an infraction and she can't have an infraction. And especially that infraction because she's in charge of, if you think about it, mortgages. We need people that are 100% above board, and it doesn't seem like she was," Trump said, referencing Cook's alleged misconduct in securing mortgage loans.

The Federal Reserve acknowledged Cook's potential legal action and said in a statement that the U.S. central bank will "abide by any court decision."

"Lisa Cook has indicated through her personal attorney that she will promptly challenge this action in court and seek a judicial decision that would confirm her ability to continue to fulfill her responsibilities as a Senate-confirmed member of the Board of Governors of the Federal Reserve System," a Federal Reserve spokesperson wrote in a statement to Fox News Digital.

The Federal Reserve Board of Governors, commonly known as the Fed Board, is composed of seven members, or governors, who are nominated by the president and confirmed by the Senate.

Cook’s potential removal from the Fed Board leaves a seat open on the panel that guides the nation's monetary policy. This gives Trump another opportunity to name someone closely aligned with his financial policy to the Fed.

When asked about replacing Cook on the Fed Board, Trump told reporters at the White House that he has some "very good people for that position."
Posted by Skidmark 2025-08-27 08:58|| || Front Page|| ||Comments [28 views ]  Top

#1 Good Riddance To Lisa D. Cook
Posted by Skidmark 2025-08-27 08:59||   2025-08-27 08:59|| Front Page || Comments   Top

#2 Fed needs to lower interest rates so Trump can refinance the national debt.
They don't want to because they profit from American misery.
Despite the name, it's not part of the government.
Posted by Elmomoter Mussolini9149 2025-08-27 10:55||   2025-08-27 10:55|| Front Page || Comments   Top

11:07 Jairong+Scourge+of+the+Gepids2435
10:55 Elmomoter Mussolini9149
10:52 Bobby
10:52 Elmomoter Mussolini9149
10:44 trailing wife
10:34 trailing wife
10:13 Lord Garth
09:36 Besoeker
09:33 Besoeker
09:29 Skidmark
09:26 Skidmark
09:26 Besoeker
09:23 3dc
09:22 Skidmark
09:20 Besoeker
09:20 SteveS
09:19 Skidmark
09:19 3dc
09:18 Skidmark
09:16 Skidmark
09:16 Besoeker
09:14 3dc
09:12 3dc
09:10 trailing wife









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