Breitbart

Trump Fires Fed Reserve Gov. Lisa Cook over Mortgage Fraud Allegations

Australian Financial Review

I will not resign: Fed governor Cook hits back at Trump

Forbes

Trump Moves To Fire Fed Governor Lisa Cook, Escalating Fight With Central Bank

FOX News

Trump removes Federal Reserve Governor Lisa Cook from office, citing fraud allegations

New York Post

Trump fires Federal Reserve Gov. Lisa Cook over mortgage fraud allegations

Daily Caller

Sufficient Cause To Remove You: Trump Fires Federal Reserve Governor

Trump says he's removing Federal Reserve Gov. Lisa Cook, citing his administration’s allegations of mortgage fraud

Al Jazeera

Trump orders removal of Fed governor Cook over mortgage fraud claims

NathanTankus

Daily Mail

Federal Reserve governor 'fired' by Trump issues scathing rebuke claiming president has no authority over central bank

Metaculus

US Fed Sets Negative Target Interest Rate

Jerome Powell

Oxford Economics

Torsten Sløk

Kristina Hooper

U. S. Chamber of Commerce

S&P Global

Goldman Sachs

Howard Lutnick

Polymarket

Peter Berezin

Olu Sonola

Samy Chaar

American Bankers Association

Joseph Brusuelas

Wells Fargo

James Doti

Michael Gapen

William J. Luther 

Matt Schoeppner

John Hussman

Bruce Kasman

Bernard Markstein

Yelena Maleyev

Mike Englund

Steven Hanke

Mark Zandi

Paul Gruenwald

Neil Shearing

Brian Moynihan

J.P. Morgan

Larry Summers

"We believe there will be no recession in 2025."

The likelihood of a recession is "getting close to 50-50."

"Barring an unforeseeable event, the economy should grow even better in 2025 than it did in 2023 and 2024."

"The threat of a recession is real."

"Contrary to popular perception, the US is at greater risk of a recession than it was in early 2022."

Will the US Go into Recession in 2025?

Donald Trump

Reuters

Congressional Budget Office

Scott Bessent

U.S. Government Accountability Office (GAO)

Invezz

American Action Forum

Lazard

Edward Yardeni

Luke Gromen

Porter Stansberry

Eladio Santiago

"The United States of America is never going to default."

"The U.S. government won't default on its debt. The fear that it might do so is not justified."

"On the positive side, the U.S. is nowhere near the brink of default."

"NO, the US will not default on its debt!"

"If Congress does not act, the US could default on its debt obligations by mid-2025, a scenario that, year by year, looks more realistic."

"The US will default on its debt."

"The U.S. is on track to default on its debt within four years."

"I say to the Republicans out there – congressmen, senators – if they don't give you massive cuts, you're going to have to do a default."

Will the US Default on Its Debt?

Federal Housing Finance Agency Director Bill Pulte accused Cook of falsifying bank documents by signing one document for a Michigan property and another for a Georgia property as primary residences two weeks apart in 2021.</span

Federal Housing Finance Agency Director Bill Pulte accused Cook of falsifying bank documents by signing one document for a Michigan property and another for a Georgia property as primary residences two weeks apart in 2021.

Cook responded that no cause exists under the law for Trump to fire her and stated she will not resign, continuing to carry out her duties to help the American economy as she has been doing since 2022.</span

New York Times

Cook responded that no cause exists under the law for Trump to fire her and stated she will not resign, continuing to carry out her duties to help the American economy as she has been doing since 2022.

Trump invoked his authority under the Federal Reserve Act and the Constitution, claiming Cook's alleged conduct exhibits gross negligence that calls into question her competence and trustworthiness as a financial regulator.</span

Trump invoked his authority under the Federal Reserve Act and the Constitution, claiming Cook's alleged conduct exhibits gross negligence that calls into question her competence and trustworthiness as a financial regulator.

Cook was appointed to the Federal Reserve Board of Governors by former President Joe Biden in 2022 and confirmed by the Senate, becoming the first Black woman to serve on the Fed board with a term running until 2038.</span

Cook was appointed to the Federal Reserve Board of Governors by former President Joe Biden in 2022 and confirmed by the Senate, becoming the first Black woman to serve on the Fed board with a term running until 2038.

Cook has retained attorney Abbe Lowell, who stated Trump's demands lack proper process and legal authority, vowing to take whatever actions are needed to prevent what he called an attempted illegal action.</span

Cook has retained attorney Abbe Lowell, who stated Trump's demands lack proper process and legal authority, vowing to take whatever actions are needed to prevent what he called an attempted illegal action.

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Metaculus #

Trump orders removal of Federal Reserve governor Lisa Cook

Money

Politics

United States of America

This firing represents an authoritarian power grab that violates the Federal Reserve Act and threatens the central bank's independence. Trump lacks proper legal authority to remove Cook when she hasn't been charged with any crime.

This firing represents an authoritarian power grab that violates the Federal Reserve Act and threatens the central bank's independence. Trump lacks proper legal authority to remove Cook when she hasn't been charged with any crime.