Did something happen to set trump off or is this just more of Don being Don?

[Rogue AI]

My point is, I'm not fine with trump dubiously claiming the authority to fire a Fed governor without first presenting actual evidence of wrongdoing.

It is the Federal Reserve Act that grants the authority, not Trump's whims. Educate yourself.

 

[blackhawk]

 

[berg80]

It is the Federal Reserve Act that grants the authority, not Trump's whims. Educate yourself.

Thanks Capt. Obvious. The matter concerns whether there is actual cause to fire her.

Cook, in a statement Monday, said, “President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so.”

“I will not resign,” said Cook, who is the first Black woman to serve as a Fed governor. “I will continue to carry out my duties to help the American economy as I have been doing since 2022.”

Coincidence that trump is attacking is a black woman? Doubt it.

 

[Rogue AI]

How do you know she's corrupt? What happened to the presumption of innocence?

That is for criminal or civil proceedings, not employment status. Even the appearance of corruption should be rooted out at every level of government. You should be whining more about the law leaving only the binary choice of removal or keeping them. Alas, suspension without pay pending a full investigation is not in the statute. Why would you not want the person removed in that case? Fix the law if that is convern, stop whining.

 

[berg80]

That is for criminal or civil proceedings, not employment status.

You just told me to educate myself and then followed it up with that? The law calls for dismissal due to cause, not an allegation.

 

[Mac1958]

As I said to a poster yesterday I have been reluctant to use the "F" with regard to trump but I'm warming up to it. Conceptually, it's such a leap from our history people recoil at the suggestion. There's a visceral reaction to the word for obvious reasons. But if the shoe fits............

Yeah, exactly the same here. And it was also the same for me with "cult". I went two or three years before I'd use the term.

I don't care what comparisons and equations a person tries to make -- America has not seen this before.

 

[SeaMajor7]

He said he had fired a Fed governor, taking advantage of vague language in the law preventing such things requiring there to be "cause." Is a thus far unproven allegation "cause?"

Trump tells Fed’s Lisa Cook she’s fired; she says ‘he has no authority to do so’​

https://www.cnbc.com/2025/08/25/trump-fires-lisa-cook-fed-powell.html

He made the kind of 'cranky old man' demand you'd expect from someone of his age, but not from the POTUS surrounded by qualified advisors.

'They have to give us magnets'​

https://www.cnbc.com/2025/08/26/trump-tariffs-china-rare-earth-magnets-exports.html

Finally, yes, this again.

Trump vows ‘substantial’ new tariffs, chip restrictions on countries with digital taxes​

https://www.cnbc.com/2025/08/25/trump-tariffs-digital-taxes.html

Maybe he had a cheeseburger that didn't agree with him?

In any event, I can't help wondering if Don trying to fire Cook is a way for him to deflect blame on to the Fed for his broken promise of getting rid of inflation on day one?

Trump, who promised Day 1 relief and lower prices, talks of a 'transition period'​

The president told ABC News that Americans knew what they were signing up for, despite his campaign's pledge to bring down prices immediately.

Trump, who promised Day 1 relief and lower prices, talks of a 'transition period'

The president told ABC News that Americans knew what they were signing up for, despite his campaign's pledge to bring down prices immediately.

www.nbcnews.com

The overall cost of food at home has ticked up between 0.2% and 0.4% almost every month since January.

https://thehill.com/homenews/nexstar_media_wire/5441550-trump-promised-lower-grocery-prices-on-day-one-heres-what-happened/

TRUUUUUUUUUUMP

 

[berg80]

That is for criminal or civil proceedings, not employment status. Even the appearance of corruption should be rooted out at every level of government. You should be whining more about the law leaving only the binary choice of removal or keeping them. Alas, suspension without pay pending a full investigation is not in the statute. Why would you not want the person removed in that case? Fix the law if that is convern, stop whining.

President Trump escalated his pressure campaign against the Federal Reserve on Monday, saying he was removing Lisa Cook from the central bank’s board of governors, citing unconfirmed allegations that she had committed mortgage fraud.

In hopes of forcing down interest rates, Mr. Trump has relentlessly attacked the politically independent Fed and its members. Until recently, most of his attention was focused on Mr. Powell.

But last week, Mr. Trump and Bill Pulte, the director of the Federal Housing Finance Agency, turned their attention to Ms. Cook. Mr. Pulte on Wednesday accused her of falsifying records to obtain more favorable terms on mortgages, and said the agency had referred the issue to the Justice Department.

Mr. Trump’s decision to remove her from the Fed could be legally challenged. Ms. Cook, who was confirmed by the Senate, has not been charged with any wrongdoing or convicted of a crime.

https://www.nytimes.com/2025/08/22/us/politics/trump-lisa-cook-fed-mortgage-fraud.html

 

[Toddsterpatriot]

It's his excuse to get a useful idiot in there.

He's not very subtle. For obvious reasons.

He has to get rid of a current idiot first.

 

[berg80]

Some folks seem to be on to TACO's game.

Henry Wang, founder and president of the Center for China & Globalization, a Beijing-based think tank, said Trump’s offhand remarks signaled his eagerness to advance trade cooperation with Beijing and move toward sealing a deal.

“He’s bluffing. He always talks big on tariffs or potential punishment, but we shouldn’t get caught up in the rhetoric,” said Wang, who is also a former counselor for China’s state council, adding the real test should be on both sides’ efforts in implementing their agreements.

 

[berg80]

Yeah, exactly the same here. And it was also the same for me with "cult". I went two or three years before I'd use the term.

I don't care what comparisons and equations a person tries to make -- America has not seen this before.

Bill Maher calls what trump has done in the past a slow motion coup. In this case it's a slow motion move towards autocracy. Every week we get a little bit closer.

 

[Toddsterpatriot]

Bill Maher calls what trump has done in the past a slow motion coup. In this case it's a slow motion move towards autocracy. Every week we get a little bit closer.

A coup against what?

 

[Rogue AI]

President Trump escalated his pressure campaign against the Federal Reserve on Monday, saying he was removing Lisa Cook from the central bank’s board of governors, citing unconfirmed allegations that she had committed mortgage fraud.

In hopes of forcing down interest rates, Mr. Trump has relentlessly attacked the politically independent Fed and its members. Until recently, most of his attention was focused on Mr. Powell.

But last week, Mr. Trump and Bill Pulte, the director of the Federal Housing Finance Agency, turned their attention to Ms. Cook. Mr. Pulte on Wednesday accused her of falsifying records to obtain more favorable terms on mortgages, and said the agency had referred the issue to the Justice Department.

Mr. Trump’s decision to remove her from the Fed could be legally challenged. Ms. Cook, who was confirmed by the Senate, has not been charged with any wrongdoing or convicted of a crime.

https://www.nytimes.com/2025/08/22/us/politics/trump-lisa-cook-fed-mortgage-fraud.html

That frivolous whining does not address my point. There is only the binary choice of keep or remove. When it comes to public trust it is better to err on the side of caution, not corruption. Try harder. At least you have made your position known, you choose to err on the side of corruption, like a good Democrat.

 

[Dekster]

Donnie has that opposition defiance disorder thing. The SCOTUS telling him that was the one thing he couldn't do was like a spinning plate he couldn't ignore. He went straight to it.

 

[Rogue AI]

Bill Maher calls what trump has done in the past a slow motion coup. In this case it's a slow motion move towards autocracy. Every week we get a little bit closer.

Who? Oh right some Hollywood kook. At least now we know who feeds you your opinions. That's a pretty low brow approach to politics.

 

[Mashmont]

In any event, I can't help wondering if Don trying to fire Cook is a way for him to deflect blame on to the Fed for his broken promise of getting rid of inflation on day one?

​

Every month of the Trump admin has had lower inflation than any month under Biden except for July which was higher than two of the 48 months under Biden (excluding the first two COVID months of the Biden admin.)

You guys seeing your own dishonesty here?

 

[berg80]

It is the Federal Reserve Act that grants the authority, not Trump's whims. Educate yourself.

AI Overview

In a May 2025 temporary order in Trump v. Wilcox, the Supreme Court ruled that the President could remove members of the National Labor Relations Board and the Merit Systems Protection Board, but the ruling explicitly carved out the Federal Reserve from this decision, signaling the central bank's unique protected status.

 

[berg80]

Every month of the Trump admin has had lower inflation than any month under Biden except for July which was higher than two of the 48 months under Biden (excluding the first two COVID months of the Biden admin.)

You guys seeing your own dishonesty here?

trump didn't say inflation will not be as high as it was. He said he would lower prices.

You guys seeing your own dishonesty here?

 

[Rogue AI]

AI Overview

In a May 2025 temporary order in Trump v. Wilcox, the Supreme Court ruled that the President could remove members of the National Labor Relations Board and the Merit Systems Protection Board, but the ruling explicitly carved out the Federal Reserve from this decision, signaling the central bank's unique protected status.

Trump v Wilcox was not a matter of cause. Try harder.

 

[berg80]

When it comes to public trust it is better to err on the side of caution, not corruption.

When it comes to the law it's better to err on the side of the law. Regarding the public's trust, what prevents trump from making unproven allegations against anyone and then either firing them or demanding they resign?