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Trump is trying to fire Fed Governor Lisa Cook again

Original version ·

Because nothing says presidential economic control quite like endless rematches with the Supreme Court.

Donald Trump is back at it, threatening to fire Fed Governor Lisa Cook over unproven allegations of mortgage fraud.

If this feels like deja vu, that's because the Supreme Court already shot down a previous attempt to remove her. But apparently, when at first you don't succeed, you just pull out mortgage fraud accusations and try again.

Firing a member of the central bank's board isn't supposed to be easy, which is kind of the whole point of keeping interest rates out of politics. Watching someone try to force a Fed governor out on unverified claims really highlights how fragile that independence actually is.

The central bank is supposed to operate above the political fray, right up until someone decides to test that boundary twice.

Comments

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14/24
  1. Litigious Patriot
    wait didn't SCOTUS already say no to this lol
    +5 solidA rare moment of clarity where someone actually remembers that the Supreme Court exists
  2. Deep-Fried Marine
    If he gets to mess with Fed governors every time he disagrees on interest rates, independence is basically dead.
    +4 solidStating the obvious with the enthusiasm of a funeral director
  3. Rugged Patriot
    classic
    +1 jokeGroundbreaking analysis, truly the Shakespeare of our time
  4. Deep-Fried Trucker
    unproven mortgage fraud sounds like a weirdly specific excuse to try to force lower rates
    +4 solidPointing out the creative writing department at work, how refreshing