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Trump Targets Fed Governor Amid Interest Rate Tensions

8/26/2025

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Summary

Story summary

President Trump sought to dismiss Federal Reserve Governor Lisa Cook, alleging false statements regarding her mortgage agreements. Cook asserted that Trump lacks the legal authority to remove her.
Trump has publicly criticized Fed Chair Jerome Powell for not reducing interest rates, despite stable inflation levels.
The Federal Reserve is anticipated to keep interest rates between 4.25% and 4.50% in the upcoming September meeting.

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Story summary

President Trump sought to dismiss Federal Reserve Governor Lisa Cook, alleging false statements regarding her mortgage agreements. Cook asserted that Trump lacks the legal authority to remove her.
Trump has publicly criticized Fed Chair Jerome Powell for not reducing interest rates, despite stable inflation levels.
The Federal Reserve is anticipated to keep interest rates between 4.25% and 4.50% in the upcoming September meeting.