4.9 • 593 Ratings
🗓️ 28 August 2025
⏱️ 9 minutes
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0:00.0 | Donald has spent the entirety of his presidency at war with the Federal Reserve. |
0:04.6 | He's continuously attacked Fed Chair Jerome Powell, demanded resignations, and now he's trying to fire Fed Governor Lisa Cook, something he has no authority to do. |
0:15.9 | Today, I want to take a deep dive into the implication of Donald's attempt to oustook and what it could mean for the future |
0:22.1 | of the Fed and our economy. These stakes are very high here, and Donald's attempt at another |
0:29.3 | hostile takeover should concern all of us. First, Donald's efforts to force members out |
0:35.2 | at the Fed is likely illegal, and it's also a major overreach of |
0:40.0 | his power. Here's PBS with more. President Trump today doubling down on his fight to exert |
0:46.8 | control over the Fed, repeating claims that he has the authority to fire Federal Reserve Board |
0:52.7 | Governor Lisa Cook, accusing her of making |
0:55.3 | false statements to get a better mortgage. She seems to have had an infraction and she can't |
1:01.4 | have an infraction, especially that infraction because she's in charge of, if you think about it, |
1:06.1 | mortgages, and we need people that are 100% above board, and it doesn't seem like she was. |
1:12.2 | Mr. Trump announced Cook's firing in a statement late Monday, writing, |
1:15.9 | quote, I have determined that faithfully executing the law requires your immediate removal from office. |
1:22.0 | What she did was a bad, so I'll fire her if she doesn't resign. |
1:26.8 | Trump vowed last week to remove Cook if she didn't step down. |
1:30.7 | The law does allow a president to fire a Fed governor, but only for cause. |
1:35.7 | Cook fired back in her own statement today, saying, quote, |
1:38.8 | President Trump reported to fire me for cause when no cause exists under the law, |
1:43.6 | and he has no authority to do so. |
1:46.0 | I will not resign. First of all, if we need people in government to be 100% above board, |
1:52.9 | Donald needs to resign immediately. On Tuesday, Cooksler, Abby Lowell said that she is going to file |
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