“This is chaos”: Trump bombshell rocks US Federal Reserve – gold price explodes by $40
fr.de/wirtschaft/streit-mit-us-zentralbank-eskaliert-trump-feuert-fed-gouverneurin-cook-zr-93901000.html
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Trump Fires Fed Governor Amid Market TurmoilGold surged $40 after Trump dismissed Fed Governor Cook over mortgage fraud claims in a historic clash.
- President Trump dismissed Fed Governor Dr. Lisa DeNell Cook citing mortgage fraud allegations, marking an unprecedented move in the Fed's history.
- Cook denies the accusations and asserts that Trump lacks legal authority to remove her, planning to continue her duties and challenge the decision in court if needed.
- Observers interpret the fraud claims as a pretext for Trump's ongoing dispute over interest rate policy, as he demands rate cuts.
- Financial markets reacted with volatility, pushing gold prices higher, while Democrats condemned the dismissal as an attack on the Fed's independence.
The president stated that he was firing me 'for cause,' while legally no cause exists - and he has no authority to do so.— Lisa Cook, in a statement through her law firm, responding to her dismissal by Trump.
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“This is chaos”: Trump bombshell rocks US Federal Reserve – gold price explodes by $40
fr.de/wirtschaft/streit-mit-us-zentralbank-eskaliert-trump-feuert-fed-gouverneurin-cook-zr-93901000.html
Trump says he's firing Federal Reserve Governor Lisa Cook. She says she won't resign
pbs.org/newshour/politics/trump-says-hes-firing-federal-reserve-governor-lisa-cook-she-says-she-wont-resign
Trump's move to fire Lisa Cook threatens Fed independence, risks inflation: Experts
abcnews.go.com/Business/trumps-move-fire-lisa-cook-threatens-fed-independence/story
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Trump says he's firing Fed Reserve Board Governor Lisa Cook: He said that there was "sufficient evidence" that Cook made false statements.
abcnews.go.com/Politics/trump-firing-fed-reserve-board-governor-lisa-cook/story
Trump says he's fired Federal Reserve board member Lisa Cook: President Trump said Monday he has fired Lisa Cook from the Federal Reserve's Board of ...
cbsnews.com/news/trump-fires-federal-reserve-board-member-lisa-cook/
Trump seeks to fire Fed governor Lisa Cook: President Trump says he's firing Federal Reserve governor Lisa Cook, after a Trump ally accused Cook of making false ...
npr.org/2025/08/25/nx-s1-5517335/trump-federal-reserve-governor-lisa-cook
President Trump fires Federal Reserve Governor Lisa Cook: "I have determined that there is sufficient cause to remove you from your position ...
usatoday.com/story/news/politics/2025/08/25/donald-trump-lisa-cook-federal-reserve-governor/85825519007/
U.S. markets hold steady a day after Trump says he removed Lisa Cook from post: U.S. markets are holding steady Tuesday morning after President Trump attempts to ...
cbsnews.com/news/us-stock-steady-trump-lisa-cook-federal-reserve-governors/
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Summary created with AI assistance · Source: axios.com
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