Trump’s attempt to fire Federal Reserve chief denounced as ‘authoritarian power grab’ - US politics live

Trump’s attempt to fire Federal Reserve chief denounced as ‘authoritarian power grab’ - US politics live

Curated from US news | The Guardian — Here’s what matters right now:

Trump accused of ‘cobbling together’ mortgage fraud allegations against Lisa Cook as top Democrats react furiously Donald Trump has said he is firing Lisa Cook, a Federal Reserve governor, in a move viewed as a sharp escalation in his battle to exert greater control over the independent institution. Trump said in a letter posted on his Truth Social platform that he is firing Cook because of allegations she committed mortgage fraud. The allegation was made last week by Bill Pulte, a Trump appointee to the Federal Housing Administration, an agency that regulates mortgage giants Fannie Mae and Freddie Mac. Continue reading...

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Original reporting: US news | The Guardian

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