🚨Here’s why Trump’s showdown with Fed governor Lisa Cook isn’t just about interest rates or mortgage fraud, says @jeffreyatucker:
“It has to do with whether and to what extent the Fed is actually accountable to the President of the United States.
…What’s striking to me about… pic.twitter.com/37NpyYEj7V
— Jan Jekielek (@JanJekielek) September 6, 2025
Perhaps Trump should surround the Fed with troops, and order everyone out of the building, then level it as a show of real freedom. Just kidding….but we cannot have an entity running our country that does as it pleases and now has criminals running it, and hurting American citizens.
Here’s why Trump’s showdown with Fed governor Lisa Cook isn’t just about interest rates or mortgage fraud, says @jeffreyatucker : “It has to do with whether and to what extent the Fed is actually accountable to the President of the United States. …What’s striking to me about this is that the Fed has been around since 1913. This question has never really been asked at this level, much less answered for all these years in this country. We’ve pretended as if there’s such a thing as an independent central bank, and everybody knows what that is. Well, there’s another word for independence. That is unaccountable. …They’ve not been held to account for any outside audits in its entire history. Any political intervention is widely seen by financial markets as something like a catastrophe:
‘You’re risking the nation’s financial stability’ and so on, so on. But in the end, we are governed by this document called the Constitution, and we’re a nation of laws, and the Constitution has three buckets. It has a judiciary, a legislative branch, and an executive branch. …We don’t actually know what it means for there to be an ‘independent’ agency under the executive department. …The Supreme Court has been very clear up to now that the President is in charge of the executive agencies. So let’s just say the Department of Labor or USAID or Department of Energy, Department of Agriculture or HHS. They can, in fact, fire employees. …Now Trump is taking on the great question of American life, which is the status of the Federal Reserve under the law. …And the Supreme Court, I think, is going to have to decide that this is an executive agency.”
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