President Donald Trump’s move to fire Federal Reserve Governor Lisa Cook has sparked sharp criticism from top congressional Democrats.
Senate Minority Leader Chuck Schumer accused Trump of playing “a dangerous game of Jenga with a key pillar of our economy.” He warned that removing Cook and installing a loyalist would undermine the Fed’s independence and jeopardize Americans’ savings and mortgages.
Any attempt to fire Lisa Cook from her position of Governor at the Federal Reserve is just the latest in Donald Trump’s DC partisan games to rig the economy for his billionaire donors at the expense of hardworking Americans.
— Chuck Schumer (@SenSchumer) August 26, 2025
This attempted firing shreds the independence of the…
Sen. Elizabeth Warren, the ranking member on the Senate Banking Committee, called Trump’s letter announcing Cook’s dismissal “an authoritarian power grab” that violates the Federal Reserve Act. She insisted the action must be overturned in court.
Donald Trump is bullying companies, micromanaging corporate decision-making and trying to take over the Federal Reserve.
— Hakeem Jeffries (@RepJeffries) August 26, 2025
Hugo Chavez would be proud.
Why aren’t Republicans and so-called defenders of the free market complaining?
Complete phonies.
House Minority Leader Hakeem Jeffries said Trump lacked credible evidence that Cook had done anything wrong.
He highlighted Cook’s role as the first Black woman on the Fed board, adding that if anyone is unfit to hold responsibility, “it is the current occupant of the White House.”
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TIPP Staff
