The Federal Reserve Soap Opera: Appeals Court Edition

If you thought the Trump–Lisa Cook showdown at the Federal Reserve couldn’t get any more like a binge-worthy political thriller, think again. Forget Netflix; this saga is unfolding live, with more cliffhangers than a House of Cards marathon and just enough legal drama to make even Judge Judy grab some popcorn. Last week’s episode? A…

Trump, Lisa Cook, and the Federal Reserve Soap Opera

Episode I: As the Fed Turns Last month, I wrote a piece about President Trump, the Federal Reserve, and their messy custody battle over “independence.” Well, the plot has thickened, and we’ve officially entered soap opera territory. Welcome to this week’s episode of “As the Fed Turns.” Here’s the recap: President Trump tried to fire…

Trump, the Fed, and the Battle Over Independence

On Monday, President Trump announced—through a Truth Social post, of course—that he’s firing Federal Reserve Governor Lisa Cook. The reason? Allegations of mortgage fraud. The claim is that back in 2021, Cook listed two separate properties as her “primary residence” in order to secure more favorable loan terms. If true, that’s a big problem, because…