Trump’s Shocking Fed Firing Sparks Legal Showdown

WooGlobe

Trump Fires Fed Governor Lisa Cook — A First in U.S. History? Donald Trump’s attempt to remove Federal Reserve Governor Lisa Cook has triggered a legal and constitutional crisis. Cook, appointed by President Biden to serve a 14-year term, is now challenging what she calls an illegal and politically motivated firing. Trump says it’s over mortgage fraud allegations — but no charges have been filed. If the courts allow this move, Trump could control the majority of the Fed Board, shaking the very foundation of America’s financial independence.  Could this set a dangerous precedent? Or is it within presidential power? The battle may soon reach the Supreme Court — and the outcome could change U.S. governance forever. WooGlobe Ref : WGA133202 For licensing and to use this video, please email licensing@wooglobe.com

Transcript

00:00Donald Trump just did something no president has ever done.

00:03He tried to fire a sitting Federal Reserve governor.

00:06Lisa Cook, appointed by Joe Biden for a 14-year term,

00:10is now at the center of a legal and political firestorm.

00:13Trump claims she committed mortgage fraud.

00:16But she hasn't been charged with anything.

00:18Critics say it's all a setup,

00:20a way for Trump to install more loyalists on the powerful Fed board.

00:23If her removal stands,

00:25Trump would control the majority of the seven-member board.

00:27That's a huge deal,

00:29because the Fed helps control interest rates and the economy itself.

00:33But here's the twist.

00:34No one really knows if a president can do this.

00:37The law says Fed governors can only be removed for cause.

00:40But courts have never clearly defined what that means.

00:43Cook is fighting back in court,

00:45calling the removal illegal and politically motivated.

00:48And now the Supreme Court might have to decide if Trump crossed a line.

00:51This isn't just about one seat at the Fed.

00:54It could change how much power a president has

00:56over America's most independent financial institution.

01:00And it's a showdown the entire world is watching.

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