Top Democrats fire back against Trump’s plan to remove Federal Reserve governor as Lisa Cook vows to not resign – live

Published on August 26, 2025 at 03:01 PM
Top Democrats fire back against Trump’s plan to remove Federal Reserve governor as Lisa Cook vows to not resign – live

Lisa Cook says ‘no cause exists under the law’ for Trump to remove her; president is accused of ‘cobbling together’ mortgage fraud allegations against her

Lev Menand, a law professor at Columbia law school, said Donald Trump’s attempt to fire Federal Reserve chief Lisa Cook is a “procedurally invalid removal under the statute”.

Menand, who authored a book about the Fed’s actions during the coronavirus pandemic, also said for-cause firings are typically related to misconduct while in office, rather than based on private misconduct from before an official’s appointment.

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