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Amanpour

Trump's Fed Firing Prompts Lawsuit

Amanpour

CNN

News

4.11K Ratings

🗓️ 26 August 2025

⏱️ 54 minutes

🧾️ Download transcript

Summary

Federal Reserve Governor Lisa Cook's lawyer has filed a lawsuit against President Trump following his unprecedented attempt to fire her on Monday. Many experts fear that the president's latest action could spell the end of the Fed's independence. Gregg Nunziata, Executive Director of the Society for the Rule of Law and Natasha Sarin, Former US Department of Treasury official weigh in on the legal and economic ramifications.  Also on today's show: David J. Bier, Director of Immigration Studies, Cato Institute; Oren Lieberman, CNN Jerusalem Bureau Chief; Amande Bazerolle, Deputy Program Manager in Charge of Palestine, Médecins Sans Frontières  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hello everyone and welcome to Amunpur. Here's what's coming up.

0:07.0

Trump tries to fire the feds Lisa Cook, an unprecedented move in Central Bank history.

0:13.0

I asked conservative lawyer Greg Nizjada and economist Natasha Sarin, if the president has the authority.

0:20.0

Then, aggressive arrests, random deportations, and the National Guard patrolling U.S. streets.

0:25.6

Is this the new normal under Trump's crackdown on immigration?

0:29.6

Immigration expert David J. Beer weighs in.

0:32.6

Plus, protesters in Israel demand the release of hostages and an end to the war as global outrage

0:39.2

grows over IDF strikes on Nassar Hospital.

0:42.8

MSF's Amand Basrol tells us about the great humanitarian situation on the strip. Welcome to the program, everyone. I'm Bianaga-Ladriga in New York, sitting in for Christian Amunpur.

1:09.1

Federal Reserve Governor Lisa Cook's attorney is

1:11.7

filing a lawsuit against President Trump after his extraordinary attempt to fire her on Monday,

1:17.8

citing unproven allegations of falsifying records on a mortgage. A U.S. President has never made a move

1:23.7

like this in the central bank's 111 year history, marking a significant escalation

1:28.6

in Trump's targeting of the Fed. Trump already raging against Chair Jerome Powell for refusing

1:34.3

to cut interest rates. And now many experts feared that the president's latest action could

1:39.1

spell the end of the institution's independence. The Supreme Court has made clear that the Fed occupies a distinctive place within the government,

1:48.1

but if it comes down to it, will this court side with the President's executive power like

1:52.6

it has done in recent cases?

1:55.0

And what would it mean if a Federal Reserve Governor is fired by the President without

1:59.1

cause?

2:00.3

Joining me with some of the answers,

2:01.8

the executive director of the Society for the Rule of Law, Greg Nunziata, also with us,

...

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