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

<p>Trump accused of ‘cobbling together’ mortgage fraud allegations against Lisa Cook as top Democrats react furiously</p><ul><li><p><a href="https://www.theguardian.com/business/2025/aug/25/trump-fires-federal-reserve-governor-lisa-cook">Trump moves to fire Fed governor Lisa Cook</a></p></li></ul><p><strong>Lev Menand, a law professor at Columbia law school, said Donald Trump’s attempt to fire Federal Reserve chief Lisa Cook is a “procedurally invalid removal under the statute”.</strong></p><p>Menand, who authored a book about the Fed’s actions during the coronavirus pandemic, also said for-cause firings are typically related to misconduct while in office, rather than based on private misconduct from before an official’s appointment.</p> <a href="https://www.theguardian.com/us-news/live/2025/aug/26/trump-federal-reserve-lisa-cook-news-updates-us-politics-live">Continue reading...</a>