Lawyer: Fed Governor To Sue Over Trump’s Attempted Firing
The Lead with Jake Tapper
CNN
3.5 • 1.7K Ratings
🗓️ 27 August 2025
⏱️ 81 minutes
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| 0:00.0 | Tony Shalub loves bread. |
| 0:02.0 | On his new CNN original series, he's traveling the world to see how bread is the most |
| 0:06.7 | delicious way to bring people and cultures together. |
| 0:10.0 | Tony Shalub, Breaking Bread, premieres Sunday, October 5th on CNN. |
| 0:16.0 | A lot more happened today besides that big engagement. |
| 0:19.6 | The lead starts right now. |
| 0:22.4 | President Trump being threatened with a lawsuit as he keeps up his feud with the Fed, |
| 0:26.5 | pushing to fire a Federal Reserve Board governor, accusing her of mortgage fraud, |
| 0:31.7 | is this political interference to get what he really wants? |
| 0:34.4 | A Fed under his control. |
| 0:35.9 | Plus, the frightening friend sweeping several colleges nationwide hoax phone calls about |
| 0:42.4 | non-existent shootings on campus, how investigators are trying to track down those responsible. |
| 0:47.6 | And yes, everybody, she said yes. |
| 0:50.3 | Taylor Swift and Travis Kelsey are now engaged. |
| 0:52.9 | We'll bring you all the latest on what CNN's learning about that moment and that huge rock she's now supporting looks bigger than his Super Bowl ranks. |
| 1:05.0 | Welcome to the lean I'm Jake Tapper off the top today. President Trump's move to fire Federal Reserve Governor Lisa Cook, who has voted often to not lower interest rates, along with Fed Chairman Jerome Powell, whom Trump criticizes constantly for not lowering the rates. This would be the first instance of a president firing or attempting to fire a Fed governor in the history of the central bank. |
| 1:28.0 | Cook is a Biden appointed member of the Board of the Federal Reserve. Senate confirmed. |
| 1:31.9 | She's facing allegations of mortgage fraud from President Trump and his top allies. |
| 1:36.5 | As of now, Cook has not been charged with or convicted of any wrongdoing. |
| 1:40.7 | Trump's announcement came after U.S. markets were closed last night. |
| 1:44.1 | But even though Treasury Secretary Scott Besson said earlier today that Trump's announcement came after U.S. markets were closed last night, but even though Treasury Secretary |
| 1:45.7 | Scott Besson said earlier today that Trump's move was aimed at restoring trust in the Fed, |
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