Fed Governor Fired, Trump Expands National Guard, Abrego Garcia Back in Custody
Up First from NPR
NPR
4.5 • 52.8K Ratings
🗓️ 26 August 2025
⏱️ 13 minutes
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Summary
President Trump has moved to fire a member of the Board of Governors of the Federal Reserve. The President has also taken action to eliminate cashless bail and expand the role of the National Guard as part of his crackdown on crime in Washington, DC. And, Kilmar Abrego Garcia has been taken into custody and faces deportation to Uganda.
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Transcript
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| 0:00.0 | President Trump wants to fire a Federal Reserve governor, one of his political appointees, found |
| 0:06.5 | an allegation against her. |
| 0:07.7 | This lady, I don't understand how she can be in charge of setting interest rates for our country. |
| 0:12.0 | Lisa Cook says Trump can't fire her, so what's the law say? |
| 0:15.6 | I mean, Martinez, that's Steven'skeep, and this is up first from NPR News. |
| 0:22.0 | The mayor of Washington, D.C. defends cashless bail, letting out suspects without posting |
| 0:26.7 | bond. I frankly think that that has worked better than any system. Cashless bail is not a new |
| 0:33.1 | phenomenon in the district. So why is the president demanding that the district changed the policy |
| 0:38.0 | and can he persuade Congress to do that for him? Also, a judge stopped the federal government from |
| 0:42.7 | deporting Kilmar-Abrego-Garcia again. She wants him to have a hearing before he's sent to Uganda. |
| 0:48.9 | Stay with us. We've got the news you need to start your day. |
| 1:03.9 | President Trump has moved to fire a member of the Federal Reserve Governing Board. |
| 1:08.8 | It's the latest escalation in Trump's effort to exert more control over the central bank. Now, the Fed is designed to be insulated from political pressure |
| 1:12.0 | from the White House, so Trump's move may face a legal challenge. NPR chief economics correspondent, |
| 1:17.3 | Scott Horsley, joins us once again. Scott, good morning. Good morning, Steve. Okay, the president |
| 1:21.6 | made this announcement in a social media post regarding Fed governor Lisa Cook. What's going on? |
| 1:29.3 | This is ostensibly a reaction to claims made by Trump ally Bill Pulte, who oversees mortgage giants Fannie Mae and Freddie |
| 1:33.7 | Mac. Pulte accused Cook of making false statements on a mortgage application back in 2021 before |
| 1:40.5 | she joined the Federal Reserve. Pulte says Cook applied for home loans on two different properties, weeks apart, in two different states, |
| 1:48.2 | and said that each one would be her primary residence, which would typically result in better loan terms. |
| 1:55.1 | Now, if true, that certainly raises eyebrows. |
| 1:57.7 | Pulte told CNBC last week he thought it was enough to remove Cook from her post at the |
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