by Rich Lowry
The Court will surely be reluctant to grasp the nettle on the Fed. Yet there’s little doubt that, on the legal merits, Cook should be sending out her résumé.
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Federal Reserve Governor Lisa Cook attends the Federal Reserve Bank of Kansas City’s economic symposium in Jackson Hole, Wyo., August 23, 2025.
Jim Urquhart/Reuters
Uncharacteristically for him, Donald Trump is being too modest in asserting his power over the Federal Reserve.
He’s fired Lisa Cook “for cause,” citing a clearly pretextual alleged mortgage infraction, when as a constitutional matter, he should be able to fire her, or Chairman Jerome Powell, for any reason he deems appropriate.
About the Author
Rich Lowry is the editor in chief of National Review.
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Uncharacteristically for him, Donald Trump is being too modest in asserting his power over the Federal Reserve.
He’s fired Lisa Cook “for cause,” citing a clearly pretextual alleged mortgage infraction, when as a constitutional matter, he should be able to fire her, or Chairman Jerome Powell, for any reason he deems appropriate.
About the Author
Rich Lowry is the editor in chief of National Review.
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