SHOCKING FED FIRED: – Could Powell Be Next in the Crosshairs?

In a ground­break­ing move, Pres­i­dent Don­ald Trump fired Fed­er­al Reserve Gov­er­nor Lisa Cook, cit­ing alleged mort­gage fraud where she claimed pri­ma­ry res­i­dences in both Michi­gan and Geor­gia to secure bet­ter loan terms, as detailed in a crim­i­nal refer­ral by Fed­er­al Hous­ing Finance Agency Direc­tor Bill Pulte. Cook, the first Black woman on the Fed board appoint­ed by Biden in 2022, defi­ant­ly refused to resign, stat­ing Trump lacks author­i­ty under the Fed­er­al Reserve Act, which allows removal only “for cause” like malfea­sance. This unprece­dent­ed action—the first pres­i­den­tial fir­ing of a Fed offi­cial in 111 years—could esca­late to the Supreme Court, test­ing the cen­tral bank’s inde­pen­dence amid Trump’s push for low­er inter­est rates. Impli­ca­tions extend to Chair Jerome Pow­ell, whose term ends in 2026; a suc­cess­ful fir­ing might enable Trump to reshape the board major­i­ty, chill Fed auton­o­my, and influ­ence mon­e­tary pol­i­cy. Explore the full dra­ma, legal bat­tles, and eco­nom­ic fall­out in this Fed­er­al Reserve scan­dal.

• You will hear that the Fed­er­al Reserve is an inde­pen­dent body and you will hear about the Fed­er­al Reserve Act of 1913. We have to ask what Trump is try­ing to do in the fir­ing of Lisa Cook, one of the Fed­er­al Reserve gov­er­nors. Adam Schiff is look­ing at some of the pos­si­ble same charges that Lisa Cook is look­ing at. The Fed­er­al Reserve is run by a board of gov­er­nors. The one thing that Pres­i­dent Trump is doing is push­ing the Supreme Court to make deci­sions on many issues. The White House lawyers all know what they are doing when they are push­ing the Supreme Court to review and rule on some­thing. Lisa Cook signed a doc­u­ment in Michi­gan say­ing that the home would be her pri­ma­ry res­i­dence and 2 weeks lat­er a Geor­gia res­i­dence would be her pri­ma­ry res­i­dence. Was she hop­ing that the claim to res­i­dence would not be detect­ed dig­i­tal­ly? Fed­er­al reserve gov­er­nor ignites his­toric show­down as she refus­es to leave her post after Trump becomes first pres­i­dent to fire a cen­tral bank offi­cial in 111 years. When you claim a res­i­dence as a pri­ma­ry res­i­dence, you have dif­fer­ent tax struc­tures, insur­ance and mort­gage rates are all dif­fer­ent. The pri­ma­ry res­i­dence is also where you vote. There is a lot here where the aver­age Joe would get in a lot of trou­ble. Cook’s fir­ing comes after Fed­er­al Hous­ing Finance Agency Direc­tor Bill Pulte accus­es the Fed­er­al Reserve board mem­ber of fal­si­fy­ing bank doc­u­ments and prop­er­ty records to secure bet­ter loan terms, in a crim­i­nal refer­ral sent to AG Pam Bon­di last week. Cook is not leav­ing because they don’t have cause, stat­ing the Con­sti­tu­tion says they have to have cause. If Trump can suc­cess­ful­ly fire Lisa Cook, if the court upholds his cause would he be able to fire Jerome Pow­ell. Could Lisa Cook’s posi­tion be the per­son he would want to ele­vate to Fed chair? Many are ask­ing if this could put a “chill” on the Fed­er­al Reserve’s inde­pen­dence. Indus­tries react based on how the Fed feels. All morn­ing long Trump can only fire “for cause”. The Fed­er­al Reserve Act pro­vides that a gov­er­nor may be removed at the President’s dis­cre­tion, for cause. Trump has deter­mined that there is suf­fi­cient cause to remove her from the posi­tion.” This is much larg­er than Lisa Cook. We have to watch what will hap­pen. It will go to the Supreme Court, is this push­ing Jerome Pow­ell.