The Fed's independence faces its biggest test yet.
Tangle
Isaac Saul
4.7 • 817 Ratings
🗓️ 27 August 2025
⏱️ 27 minutes
🧾️ Download transcript
Summary
In a letter posted to Truth Social on Monday night, President Donald Trump ordered the removal of Federal Reserve Governor Lisa Cook from her position for alleged mortgage fraud. Citing the Federal Reserve Act of 1913 and his powers under Article II of the Constitution, Trump stated that he was removing Cook “for cause.” Cook responded by saying that “no cause exists under the law” and that the president did not have the authority to fire her.
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Transcript
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| 0:00.0 | From executive producer Isaac Saul, this is Tangle. |
| 0:08.4 | This is Tangle. |
| 0:09.0 | Good morning, good afternoon and good evening and welcome to the Tangle podcast, a place we get views from across the political spectrum, some independent thinking, and a little bit of my take. |
| 0:27.2 | I'm your host, Isaac Saul, and on today's episode, we're going to be talking about President Donald Trump's attempt to fire Lisa Cook. |
| 0:34.5 | She is one of the governors at the Federal Reserve, And this is the biggest test of the Federal Reserve's independence yet. So we're going to break down exactly what's going on. Share some views from the left and the right. And then my take. Before you jump in, I want to give you guys a quick heads up about something really fun that we have going on. We are looking for |
| 0:54.6 | passionate, curious, and driven college students to join our college ambassador program. If you care |
| 1:01.9 | about journalism, politics, or media, and want hands-on experience working with an organization like |
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| 1:11.8 | spearheading creative outreach efforts to engage fellow students. They also make connections |
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| 1:28.7 | We have applications open today from August 27th until September 5th. |
| 1:33.8 | If you know someone who is interested, we are accepting applications with a link that is in today's episode description and also in our newsletter today. |
| 1:42.2 | Or you can email Will K-Back, WillW-I-L at reetangle.com, |
| 1:47.7 | with any questions. |
| 1:49.4 | All right, with that, I'm going to send it over to John for today's main show, |
| 1:52.9 | and I'll be back for my take. |
| 2:00.5 | Thanks, Isaac, and welcome everybody. |
| 2:02.5 | Here are your quick hits for today. |
| 2:04.5 | First up in some breaking news, law enforcement is responding to a shooting at a church in Minneapolis, Minnesota. |
| 2:11.1 | Authorities say two children were killed, and the suspected shooter is also dead. |
... |
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