Rep. Ro Khanna, D-Calif., said President Trump is trying to `bully the Fed.’
Who is Federal Reserve Governor Lisa Cook?
Federal Reserve Governor Lisa Cook, reappointed through 2038, rejects Trump’s claim he fired her.
WASHINGTON − Federal Reserve governor Lisa Cook should release her mortgage documents as she fights President Donald Trump’s attempt to remove her, Democratic Rep. Ro Khanna told NBC.
“She should be transparent so that we see that this is just a political football,” Khanna, a leading progressive voice from California, said on “Meet the Press with Kristen Welker.”
Trump announced Aug. 25 that he fired Cook over allegations of mortgage fraud.
She’s been accused of saying on mortgage documents that houses in Michigan and Georgia would each be her “primary residence” but has not been charged with a crime.
Khanna said Trump is “following Richard Nixon’s playbook to interfere with the Fed and bully the Fed.”
Trump has complained repeatedly about Fed Chairman Jerome Powell not lowering interest rates fast enough to spur the economy.
Khanna said Trump has only himself to blame. The president’s sweeping tariffs are putting inflationary pressure on the economy, “leaving the Fed in a no-win situation,” he said.
Both the tariffs and Cook’s termination are in the hands of the courts.
An appeals court on Aug. 29 ruled most of Trump’s global tariffs are illegal, though the court allowed them to stay in place for now to give the administration time to ask the Supreme Court to weigh in.
And a federal judge is deciding whether Cook can remain in her job while the courts consider whether her termination was legal.
