Trump's Unholy Grasp on the Fed: A Pattern Emerges In a brazen attempt to expand executive power and undermine the independence of the Federal Reserve, President Donald Trump has once again resorted to baseless accusations against Governor Lisa Cook.
This time, it's mortgage fraud claims that have no basis in fact, according to Cook's lawyers. Beneath this latest salvo lies a disturbing pattern: Trump's relentless pursuit of control over the nation's central bank.
As a governor, Cook is one of seven members appointed by the President and confirmed by the Senate, responsible for setting monetary policy.