Trump sacks Federal Reserve Governor
Global News Podcast
BBC
4.3 • 8.3K Ratings
🗓️ 26 August 2025
⏱️ 28 minutes
🧾️ Download transcript
Summary
Donald Trump has ordered the removal of a Federal Reserve governor, as he steps up attempts to exert control over the US central bank. Mr Trump accused Lisa Cook of making false statements on mortgage agreements. Ms Cook said the president had no authority to remove her from her post and promised to keep carrying out her duties. Also: a day of national protest in Israel, called by the families of hostages held in Gaza; Africa's reliance on imported fossil fuels could be on the verge of a transition as a record number of solar panels were imported by countries on the continent; and the legendary Zimbabwean musician Thomas Mapfumo is retiring after a remarkable career that spanned more than five decades.
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Transcript
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| 0:00.0 | This is the Global News podcast from the BBC World Service. |
| 0:04.8 | I'm Julia McFarlane and at 13 hours GMT on Tuesday the 26th of August, these are our main stories. |
| 0:12.4 | President Trump declares war on the US Federal Reserve. |
| 0:15.7 | We examine what's at stake for the US and world economy. |
| 0:19.9 | A day of national protest is taking place in Israel, |
| 0:23.2 | called by the families of hostages being held in Gaza. |
| 0:26.6 | A manhunt is underway in Australia |
| 0:28.6 | after two police officers were shot dead in Victoria's state. |
| 0:35.0 | Also in this podcast, countries around the world are teaming up for a new global network on mosquitoes |
| 0:41.3 | as climate change fuels new and unpredictable diseases. |
| 0:45.3 | Mosquitoes are occupying areas where they were not found before. And with this, you start to have new challenges. |
| 0:50.3 | These are new challenges that African countries are not used to dealing with. |
| 0:58.7 | President Trump has dramatically escalated his war with the U.S. Federal Reserve, |
| 1:04.0 | announcing that he's sacking its governor, Lisa Cook, claiming that she had falsified records |
| 1:09.0 | in order to obtain favorable terms on a mortgage. |
| 1:12.5 | The bombshell news, which came late on Monday night, |
| 1:15.4 | resulted in a slump in the markets as investors priced in fears for the independence of America's central bank. |
| 1:22.6 | It's the latest twist in what's been a long-running argument between President Trump and the Fed, |
| 1:27.8 | with the White House and the bank both at odds over interest rates. |
| 1:31.8 | Speaking to reporters last week, President Trump was already hinting at his intentions when it came to the governor. |
| 1:37.7 | Are you going to fire Lisa Cook, the Fed governor over her marriage front of her? |
| 1:41.3 | I'll fire her if she doesn't resign, yeah. |
... |
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