Everybody knows President Donald Trump wants the Federal Reserve to lower interest rates. He’s been on a near-daily crusade against Fed chairman Jerome Powell for months. There have been rumors that Trump would fire Powell, but he hasn’t done it yet, and doesn’t seem likely to, mostly because Powell’s term expires next year anyway, and Trump will get to replace him then.

But Trump has taken action, and that is to fire Lisa Cook, who, up until a few days ago, was a member of the Fed’s seven-member board of governors. The members serve a long term, 14 years, and Cook was appointed in 2024 by then-President Joe Biden.

Recommended Stories

If JB Pritzker wants to be president, he should start in Pike County

MAGA’s disgusting admiration for Putin

If we don’t know the truth about mass sho

See Full Page