Following President Trump’s announcement of Federal Reserve Governor Lisa Cook’s removal, Cook stated she would not resign, disputing the “for cause” reasoning cited in the termination. Trump’s claims of mortgage-related misconduct, originating from a criminal referral by Federal Housing Finance Agency Director Bill Pulte, have been denied by Cook, who was appointed by President Biden. The unprecedented move has sparked debate about presidential authority to remove a Fed governor, raising concerns about the Fed’s political independence and signaling a potential court challenge. Legal experts suggest this could potentially reach the Supreme Court, with implications for monetary policy and markets.
Read More
During a town hall event in Bolivar, Missouri, Republican Representative Mark Alford faced criticism from constituent Fred Higginbotham. Higginbotham, a farmer, expressed his anger over funding issues and criticized Alford’s perceived alignment with former President Donald Trump. The outburst, captured in a C-Span clip, resulted in applause from some audience members, highlighting growing discontent among constituents. Despite the heated exchange, Alford acknowledged Higginbotham’s concerns and stated his staff would speak with him, and will continue hosting town halls in his district.
Read More
California Governor Gavin Newsom launched a “PATRIOT” merchandise store that directly parodies former President Donald Trump’s brand and signature all-caps posting style. The shop offers items with slogans that satirize Trump’s merchandise, mimicking the White House “gift shop” that has featured MAGA-themed products. Newsom’s store included jabs like “Newsom was right about everything!” and a mock “Holy Bible” supposedly signed by him, mirroring Trump’s marketing tactics. The launch garnered mixed reactions, with some praising Newsom’s tactics while others criticized his approach.
Read More
Former President Donald Trump sought to remove Federal Reserve Governor Lisa Cook, a move that raised investor concerns. Trump cited allegations of falsified mortgage documents as the basis for her dismissal, escalating his efforts to exert greater influence over the US central bank. This action follows accusations from a White House ally regarding Cook’s mortgage loan documentation. The letter was published on Truth Social, outlining Trump’s justification for firing Cook.
Read More
In an unprecedented move, former President Donald Trump announced the firing of Federal Reserve Governor Lisa Cook, citing allegations of mortgage fraud as the cause. This action marks the first time a president has fired a central bank governor in the Fed’s history, raising questions about the legality and implications of such a decision. The dismissal has sparked concern over the Fed’s independence, as Trump has previously criticized the central bank’s interest rate decisions, potentially aiming to exert political influence over monetary policy. The firing’s legality is uncertain, as the law only allows removal “for cause”, a term whose boundaries are undefined, but the move has already impacted the US dollar index, which dropped in value following the announcement.
Read More
Amidst criticism of his administration’s actions, President Trump addressed concerns, stating that “a lot of people are saying, ‘Maybe we like a dictator.'” He also reiterated his intention to deploy National Guard troops to Chicago and signed executive orders against cashless bail and regarding flag burning. These actions have drawn criticism, with some comparing them to measures seen in countries under dictatorships, and warnings that these actions will only serve to benefit the predatory bail industry. The executive orders also included consequences for jurisdictions that maintain cashless bail systems. Public figures such as Illinois Governor JB Pritzker and Chicago Mayor Brandon Johnson expressed their concerns regarding the orders as well.
Read More
President Donald Trump has expressed his desire to rename the Department of Defense back to the Department of War, as it was known before 1949. Trump cited a preference for the historical connotations and a perceived emphasis on offense. The renaming idea, previously considered by Defense Secretary Pete Hegseth, was discussed during an Oval Office event and a formal announcement is expected in the coming weeks. Critics suggest that the change could alter perceptions of the department’s role, particularly in domestic missions.
Read More
The upcoming posthumous memoir of Virginia Giuffre, titled “Nobody’s Girl,” is set to be published in October, promising to keep the Jeffrey Epstein scandal in the public eye. Giuffre, who committed suicide in April, claimed she was trafficked by Epstein and forced to have sex with Prince Andrew, who has denied the accusations. The memoir is expected to contain fresh details regarding her allegations against Prince Andrew and could shed light on Epstein’s relationship with Donald Trump, who also knew Epstein. Ultimately, Giuffre’s memoir is expected to offer greater honesty than the actions taken by the US government.
Read More
President Donald Trump signed an executive order on Monday prohibiting the burning of the American flag, despite the Supreme Court’s precedent in Texas v. Johnson that deems it protected symbolic speech. While acknowledging the court’s ruling, Trump asserted that flag burning incites violence and riots. The order would impose a one-year jail sentence for those who violate the ban. Newsweek reached out to the Supreme Court for comment.
Read More
In newly released interview audio, Ghislaine Maxwell praised former President Donald Trump, describing him as “cordial” and “kind.” However, former New Jersey Governor Chris Christie dismissed Maxwell’s comments as insincere, suggesting they were an attempt to curry favor and potentially secure a pardon. Maxwell’s statements came during interviews related to her conviction for procuring young girls for sexual abuse by Jeffrey Epstein, with whom Trump had a past relationship. This situation has fueled speculation regarding Trump’s connection to Epstein, as well as the potential contents of the Epstein files, which are now under investigation.
Read More
John Q. Hosedrinker