Let’s not overlook the danger of an #autocrat having control of central bank assets.

It would be #grift on steroids.

#tyranny #federalreserve #corruption

"Why is Donald Trump trying to break the will of the Federal Reserve? Because he wants to be able to set the nation’s interest rates according to his momentary political interests—a tectonic disruption of America’s financial system that could permanently destroy America’s reputation as an economic safe haven and cause immeasurable damage to the U.S. economy."

~ Andrew Egger

#Trump #authoritarianism #fascism #dictator#FederalReserve#LisaCook
/8

https://www.thebulwark.com/p/all-the-presidents-butt-snorkelers-cabinet-meeting-sycophants-dictator

"Why is Donald Trump trying to break the will of the Federal Reserve? Because he wants to be able to set the nation’s interest rates according to his momentary political interests—a tectonic disruption of America’s financial system that could permanently destroy America’s reputation as an economic safe haven and cause immeasurable damage to the U.S. economy."

~ Andrew Egger

#Trump #authoritarianism #fascism #dictator#FederalReserve#LisaCook
/8

https://www.thebulwark.com/p/all-the-presidents-butt-snorkelers-cabinet-meeting-sycophants-dictator

Ok y'all...let's talk finance. Big finance, the one that rocks the cradle of the world economy. The US Federal Reserve.

The Reserve, commonly referred to as "#TheFed" is not part of the executive branch; it is an independent central bank that operates within the federal government but is designed to be insulated from political pressures. Its decisions do not require approval from the President.

So why is King Kankles going after Federal Reserve governor Lisa Cook? Because she is a #Black#Woman. That's it. That's all there is to it.

The guy who owns the largest homebuilder in the country #Pulte, sent a tweet with no proof that Ms. Cook had filed a paper incorrectly 4 years before she joined the Fed. That's the whole justification for #47 demand.

It's #racism and #grift all the way down.

Oh, btw, the dollar is falling and countries are dumping t-bills. Fun! Thanks, #KingKankles

#FederalReserve#USPol#FinancialDisasterLooming

https://www.federalreserve.gov/aboutthefed/fedexplained/who-we-are.htm

But because no president before #Trump crossed this particular line, the vague standard has never been litigated. Ultimately, #SCOTUS will have to weigh in. Much more than Cook’s employment status hinges on its decision. If #Trump succeeds at firing her & replacing her with a loyalist, he could be just months away from a full-blown #takeover of the #FederalReserve.

#law#SCOTUS #economy#LisaCook #fascism #dictatorship #tyranny

#law#SCOTUS #economy#FederalReserve #fascism #dictatorship #tyranny

The #LisaCook Case Could Be the Whole Ball Game

If #SCOTUS lets #Trump replace Cook with a loyalist, he might soon achieve a full-blown takeover of the #FederalReserve.

Under the law, a president can fire a #Fed governor only “for cause.” To clear that bar, Trump has accused Cook of having made false statements on a mortgage application.

#law #economy #fascism #dictatorship #tyranny
https://www.theatlantic.com/economy/archive/2025/08/lisa-cook-federal-reserve/684013/?gift=guxsrl_dAdXUP9zqbQPWxURrjeonvxUycIW0r79pSro

The Federal Reserve seems to be putting up far more of a fight than America's 'best' Universities I see....

#USPOL#FederalReserve

"Trump knows he can put up Cook’s picture with a label of 'criminal' and his millions of racist followers need see no more. …

"[This move is] really about whether Trump, as a would-be authoritarian, can bully his way into the most independent and impactful economic decision making body in the nation, if not the world."

#Trump #fascism#LisaCook#FederalReserve
/24

"Such a move by the Fed could of course also increase inflation, perhaps by signifcant amounts. But that could actually help Trump inflate his way out of the trillions in new debt he created."

As Kuo says, "The way in which Trump is now trying to sack Cook serves as a microcosm for everything that is horribly wrong, icky and authoritarian about the Trump White House."

#Trump #fascism#LisaCook#FederalReserve
/23

Noting that Lisa Cook is the first Black woman to serve on the governing board of the Federal Reserve, Jay Kuo says there's "little surprise she was Trump’s first target on the Fed board after he failed to move Powell."

Why is he doing this?

"[He] wants the Fed to lower interest rates so the equity markets will boom & his hundred million dollar personal investment in U.S. bonds will pay off as yields fall & prices rise."

#Trump #fascism #LisaCook #FederalReserve
/22

https://statuskuo.substack.com/p/trump-versus-the-fed

Ok y'all...let's talk finance. Big finance, the one that rocks the cradle of the world economy. The US Federal Reserve.

The Reserve, commonly referred to as "#TheFed" is not part of the executive branch; it is an independent central bank that operates within the federal government but is designed to be insulated from political pressures. Its decisions do not require approval from the President.

So why is King Kankles going after Federal Reserve governor Lisa Cook? Because she is a #Black#Woman. That's it. That's all there is to it.

The guy who owns the largest homebuilder in the country #Pulte, sent a tweet with no proof that Ms. Cook had filed a paper incorrectly 4 years before she joined the Fed. That's the whole justification for #47 demand.

It's #racism and #grift all the way down.

Oh, btw, the dollar is falling and countries are dumping t-bills. Fun! Thanks, #KingKankles

#FederalReserve#USPol#FinancialDisasterLooming

https://www.federalreserve.gov/aboutthefed/fedexplained/who-we-are.htm

After U.S. President Donald Trump announced his plan to remove Federal Reserve Governor Lisa Cook, her lawyer says she is suing. @NBCNews explains how Trump’s limited authority over the Federal Reserve may not be enough to win this time.
https://flip.it/Uj1UyA
#Trump#Cook#LisaCook#FederalReserve#Executive#Authority#Economy#Fed

“Let’s be clear: this is a #racist, #misogynistic, & #unlawful attack on the integrity & #independence of the #FederalReserve. It is a dangerous attempt to politicize & exert control over the #CentralBank — one that will only continue to damage the #economy, harm hardworking Americans, & undermine our credibility on the world stage."

#law #economy#Trump#LisaCook#CBC#AbuseOfPower

We will be filing a lawsuit' - Cook's lawyer Lowell

“President #Trump has no authority to remove #FederalReserve Governor #LisaCook. His attempt to fire her, based solely on a referral letter, lacks any factual or legal basis. We will be filing a lawsuit challenging this illegal action," Cook's lawyer Abbe Lowell says.

#law #economy#AbuseOfPower

“President #Trump is attempting to oust Dr. #LisaCook — the first #Black #woman to serve on the #FederalReserve Board — with no credible evidence of wrongdoing. This is a blatant effort to distract from his failure to lower costs for Americans & a transparent attempt to install a loyalist at the #CentralBank who will carry out his agenda without question."

#law #economy#AbuseOfPower

'Unlawful attack' on #Fed integrity says Congressional Black Caucus

The Congressional #Black Caucus, a group of dozens of lawmakers in the US #House & #Senate, called Trump's push to fire #LisaCook #unlawful in a post on X on Tuesday:

“In the 111-year history of the #FederalReserve, no president has ever attempted to remove a governor of the #CentralBank until now.“

#law #economy#Trump#AbuseOfPower

He did not address Trump's moves directly but laid out what he described as the "foundations" for #CentralBank credibility.

#Independence was vital so central bankers are able to set interest rates & use tools like quantitative easing, "based on economic considerations in the long-term public interest, free from short-term political interference," the former #Bank of Spain Governor said.

#Trump #law #economy#FederalReserve#LisaCook#AbuseOfPower

The new head of the #Bank for International Settlements used his first prominent speech to stress the need for central banks to focus on #inflation & for their #independence from #politicians to be protected.

"A clear price stability mandate, independence & accountability are the anchor, hull & mast of the monetary policy vessel," Pablo Hernandez de Cos, who in July took over as General Manager of #BIS, often dubbed the central bankers' #CentralBank, said.

#Trump #law#FederalReserve#LisaCook

AFL-CIO: 'Alarming escalation' by #Trump

The #AFLCIO, the US's biggest #labor federation, criticized Trump’s attempted firing of #LisaCook, calling it "an alarming escalation of his attack on #independent federal agencies that working people’s #jobs & livelihoods depend on" in a statement on Tuesday.

The group represents dozens of labor #unions & over 15 million people.

#law #economy#FederalReserve#AbuseOfPower