Trump Fires Fed Governors Cook,Vandine Amid Fraud Claims

President Donald Trump fired Federal Reserve Governor Lisa Cook, citing allegations of mortgage fraud as the reason for her removal. However, legal experts and commentators, including MSNBC guest Norm Eisen, argued that the Federal Reserve is an independent body and that governors can only be removed "for cause," a standard they claim Trump did not meet. Cook, appointed by President Joe Biden and the first Black woman on the Federal Reserve board, denies the allegations and refuses to resign voluntarily. The firing has drawn significant criticism, with Eisen dramatically tearing up Trump's dismissal letter on air to protest the move, emphasizing that it violates the constitutional and legal protections designed to keep the Federal Reserve independent. The controversy also involves accusations that Trump acted under partisan pressure from Bill Pulte, head of the Federal Housing Finance Agency, who made the initial allegations against Cook on social media. This unprecedented firing is expected to face legal challenges as it tests the limits of presidential authority over the Federal Reserve.