The Associated Press WASHINGTON (AP) — The Supreme Court on June 29 dramatically expanded presidential power, upholding President Donald Trump’s firings of the heads of independent federal agencies with one important exception: the Federal Reserve. The justices allowed Fed governor Lisa Cook to stay in her job while she fights the Republican president’s effort to […]
Tag: Lisa Cook
Posted inPolitics
New York Attorney General Letitia James charged in fraud case after pressure campaign by president
New York Attorney General Letitia James was indicted on bank fraud and false statement charges after an Oval Office–backed investigation, making her the latest political adversary of the 47th president to face prosecution. James denounced the case as a politically motivated effort to punish her for previously suing the 47th president and his company for fraud.
Posted inNational News
Fed Gov. Lisa Cook claimed 2nd residence as ‘vacation home,’ undercutting White House fraud claims
Federal Reserve Gov. Lisa Cook described a condo she purchased in 2021 as a “vacation home” and “second home” on official documents, potentially undermining White House allegations that she committed mortgage fraud by claiming multiple primary residences. Cook, the first Fed governor to be targeted for removal by a president, has secured an injunction blocking her firing as the legal battle continues ahead of a key Fed interest rate decision.
Posted inNational News
Justice Department probes mortgage fraud claims against Lisa Cook of Federal Reserve, AP source says
The Justice Department has opened a mortgage fraud probe into Federal Reserve Governor Lisa Cook, who is also fighting the 47th president’s attempt to oust her from the Fed. Cook’s lawyers argue the investigation is politically motivated and part of a broader effort to undermine the central bank’s independence.
Posted inOpinion
Firing the best and the brightest
The dismissals of trailblazing Black women leaders like Lisa Cook (left) and Carla Hayden (right), along with attacks on Black-led cities and officials, is revealing a deliberate effort to undermine excellence, representation and equity, sending a dangerous message that no achievement by Black Americans is safe.
Posted inNational News
Embattled Fed Gov. Lisa Cook vows legal fight against 47th president’s bid to oust her
Federal Reserve Gov. Lisa Cook plans to sue the White House to block her removal, setting up a potential Supreme Court fight that could redefine presidential authority over the central bank and test the Fed’s political independence.
