Well, folks, I called it, and I mean exactly called it. Back in my September 18 installment of The Federal Reserve Soap Opera, I said, “If I had to make an educated guess, the Supreme Court may be inclined to give Lisa Cook a short-term reprieve.” And lo and behold, that’s precisely what they did.…
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…