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Trump Threatens Fed Governor: Accusations Spark Controversy

8/24/2025

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Story summary
  • President Trump threatens to fire Federal Reserve Governor Lisa Cook unless she resigns.
  • Biographer Michael Wolff suggests Trump's actions indicate a bias against Black women.
  • Trump leverages allegations against Cook to challenge the Federal Reserve's credibility.
  • White House Communications Director Steven Cheung refutes Wolff's claims, labeling them as fabrications.