Firing Cook Won’t Be Enough for What Trump Wants
If mortgage rates don’t fall enough, intervention in bond markets could follow.
‘Once we have a majority, housing is going to swing.’
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President Donald Trump is firing Lisa Cook as Fed governor, more than a decade before her term is due to end. Or is he? His letter, posted to his Truth Social account, says that she is “hereby removed” from her position “effective immediately.” But Cook has already sued alleging that this is illegal.