Trump removes Federal Reserve Governor Lisa Cook from office, citing fraud allegations

[TimFitz]

Good! The statute seems to give him this authority.

More importantly, the Federal Reserve is part of which branch? It certainly isn't its own branch, as the Constitution has not been amended.

Here we go! Fasten your seatbelts.

​

President Donald Trump ousted Federal Reserve Governor Lisa Cook on Monday, alleging she lied on mortgage forms by declaring two primary residences.​

​

In a letter to Cook, Trump said the Federal Reserve Act provides that she can be removed at his discretion.​

​

"As set forth in the Criminal Referral dated August 15, 2025, from Mr. William J. Pulte, Director of the Federal Housing Finance Agency, to Ms. Pamela Bondi, Attorney General of the United States…there is sufficient reason to believe you may have made false statements on one or more mortgage agreements," Trump wrote. "For example, as detailed in the Criminal Referral, you signed one document attesting that a property in Michigan would be your primary residence for the next year.​

​

"Two weeks later, you signed another document for a property in Georgia stating that it would be your primary residence for the next year," Trump continued. "It is inconceivable that you were not aware of your first commitment when making the second. It is impossible that you intended to honor both."​

​

...​

Trump removes Federal Reserve Governor Lisa Cook from office, citing fraud allegations

President Trump removed Federal Reserve Governor Lisa Cook in historic first, citing alleged false statements on mortgage documents for two primary residences.

www.foxbusiness.com

​

While the Federal Reserve Bank is nominally part of the Executive Branch, it is not chartered or governed by the same rules as cabinet agencies.

It was established as an independent Federally chartered bank, charged with managing the money supply, and deliberately set up with separate directors, appointed to staggered terms of office.

The structure was deliberate. it was specifically designed to be resistant to the sort of direct political pressure.

NOW trump wants to make the Federal Reserve into a political tool.

Part of this is because the effects of his reckless tarriffs are shortly yo come home to roost.

Attacking the Fed is his strategy for diverting his sheep from blaming inflation on his own reckless tarriffs.

 

[John Edgar Slow Horses]

SNIP you guys have full blown TDS.

You are so stupid.

 

[TimFitz]

Why do you believe Democrats are above the law?

Since no charges have been laid, and no one has been indicted, tried or convicted, your question has no validity.

 

[Rogue AI]

While the Federal Reserve Bank is nominally part of the Executive Branch, it is not chartered or governed by the same rules as cabinet agencies.

It was established as an independent Federally chartered bank, charged with managing the money supply, and deliberately set up with separate directors, appointed to staggered terms of office.

The structure was deliberate. it was specifically designed to be resistant to the sort of direct political pressure.

NOW trump wants to make the Federal Reserve into a political tool.

Part of this is because the effects of his reckless tarriffs are shortly yo come home to roost.

Attacking the Fed is his strategy for diverting his sheep from blaming inflation on his own reckless tarriffs.

The Constitution only recognizes three branches of government. Independent is not one of them. Try harder.

 

[M14 Shooter]

Since no charges ...

Don't ***** out like you always do.
Tell us why you believe Democrats are above the law.

 

[TimFitz]

She committed fraud, Dim.

An allegation has been made, Nothing else.

But that’s enough for Trump’s bigots.

 

[TimFitz]

Don't ***** out like you always do.
Tell us why you believe Democrats are above the law.

I made the point. You can’t refute it.
Allegations are not convictions.

your fuhrer was convicted,

 

[Rogue AI]

I made the point.

Allegations are not convictions.

your fuhrer was convicted,

Trump was also elected, was this person? Nope. The allegations are a matter of government corruption, why do you support leaving someone in place who may be corrupt?

 

[M14 Shooter]

While the Federal Reserve Bank...

None of this changes the fact the President can remove a board member for cause.

 

[M14 Shooter]

I made the point...

You avoided the question like the bigoted ***** you are, and you cannot argue otherwise.
Disagree?
Tell us why you believe Democrats are above the law.

 

[Marener]

That's weird, because inflation is lower than when Biden left office. Where are these mysterious taxes or are you just making that up based on what the "experts" have told you is going to happen? To date, from the data(ppi and cpi), it appears that the consumer is not paying for anything. I might also add, that he made his previous tax cuts permanent. That is not authoritarian at all.

Ignoring the gun control and deregulation points are duly noted.

https://www.npr.org/2025/08/11/g-s1-81934/trump-tariffs-record-revenue

For those who don't really pay attention. Your comments about inflation are pretty bizarre. It feels like a knee jerk, unthinking reaction to my comment as it's completely nonsensical.

 

[SweetTea]

You are so stupid.


View attachment 1154525

Sure, I do my own thinking instead of relying on the MSM and ideological "experts" and I am the stupid one.

Inflation is lower, my taxes will remain lower, our border is secure, criminals are being brought to justice and my investments are up. Winning for me. Sorry you see if differently.

 

[Marener]

As was Biden stopping construction of the border wall and selling of parts of it. LOL, you guys have full blown TDS.

The border wall was a government project under direct control of the president. In fact, if I'm not mistaken Trump unilaterally ordered it's construction (because that itself was pretty authoritarian).

It does not compare to him shutting down a private energy project.

 

[John Edgar Slow Horses]

He does not have the legal authority to remove her.

 

[22lcidw]

Donald Trump took over the DC Police on a whim and we aren't supposed to think he's authoritarian?

It's a beautiful thing. He is following what the Progressive Socialist Communists are doing. You should be proud. We will get what is deserved as the republicans have woken up. All you guys have to do is take a step or two back. And you won't at this point. You have the sin of pride and self-importance ingrained in you. The people who pay the freight are scum to you.

 

[Marener]

So then Biden ignoring the Supreme Court's decision and cancelling student debt was authoritarian? Let me guess, that was different? I have many more examples if you would like to hear them.

But he didn't ignore it. That's a right wing talking point meant to mislead the poorly informed.

 

[SassyIrishLass]

He does not have the legal authority to remove her.

He does if cause is shown

 

[Marener]

Sure, an authoritarian that supports gun rights, less taxes and fewer government regulations. You guys can't just change definitions anytime it suits you.

It's become 100% clear that paying fealty to Trump is the way to succeed in business in this country.

That's the kind of authoritarianism that we are living under. Everyone knows it. Some of us can't admit it.

 

[Sherlock Holmes]

Good! The statute seems to give him this authority.

More importantly, the Federal Reserve is part of which branch? It certainly isn't its own branch, as the Constitution has not been amended.

Here we go! Fasten your seatbelts.

​

President Donald Trump ousted Federal Reserve Governor Lisa Cook on Monday, alleging she lied on mortgage forms by declaring two primary residences.​

​

In a letter to Cook, Trump said the Federal Reserve Act provides that she can be removed at his discretion.​

​

"As set forth in the Criminal Referral dated August 15, 2025, from Mr. William J. Pulte, Director of the Federal Housing Finance Agency, to Ms. Pamela Bondi, Attorney General of the United States…there is sufficient reason to believe you may have made false statements on one or more mortgage agreements," Trump wrote. "For example, as detailed in the Criminal Referral, you signed one document attesting that a property in Michigan would be your primary residence for the next year.​

​

"Two weeks later, you signed another document for a property in Georgia stating that it would be your primary residence for the next year," Trump continued. "It is inconceivable that you were not aware of your first commitment when making the second. It is impossible that you intended to honor both."​

​

...​

Trump removes Federal Reserve Governor Lisa Cook from office, citing fraud allegations

President Trump removed Federal Reserve Governor Lisa Cook in historic first, citing alleged false statements on mortgage documents for two primary residences.

www.foxbusiness.com

​

She's still at her desk.

 

[Sherlock Holmes]

He does if cause is shown

Well she's Black so I guess in magat world that's cause.