Lev Menand on Trump's Attempt to Fire the Fed's Lisa Cook
Odd Lots26 Aug 2025

Lev Menand on Trump's Attempt to Fire the Fed's Lisa Cook

Criticism and threats to Federal Reserve independence have been building for some time in this administration. But it was taken to a new height on August 25, when Trump posted that he intended to fire Fed Governor Lisa Cook, a Biden appointee. According to our guest, Columbia Law Professor Lev Menand, this is a big deal that has created an immediate crisis. The Trump administration's argument is that it's firing Lisa Cook "for cause" due to allegations (and these are just allegations at this point) that she committed mortgage fraud. As Lev argues, these allegations alone can't justify the removal of someone in this position. We talk through the legal implications, the immediate path ahead, and what may ultimately be Trump's real aim when it comes to pressuring the Fed.

Read more:
Trump Moves to Fire Fed’s Cook, Setting Up Historic Fight

Powell Opens Door to Interest Rate Cut, Citing Labor Markets

Only Bloomberg - Business News, Stock Markets, Finance, Breaking & World News subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots

See omnystudio.com/listener for privacy information.

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(1307)

How Wall Street Is Bracing For the Post-Jensen Huang Nvidia Era

How Wall Street Is Bracing For the Post-Jensen Huang Nvidia Era

Nvidia's post-Jensen Huang era has just begun and there are so many open questions about the company's future. Who will the board choose to be Nvidia's next CEO? Will the government crack down on the ...

14 Nov 35min

Why a $2 Billion Law Firm Suddenly Collapsed

Why a $2 Billion Law Firm Suddenly Collapsed

At the end of October, seemingly overnight, a major law firm called Weil Gotshal announced it was winding down after a number of partners departed and talks of a merger with another firm failed. So ho...

13 Nov 58min

What Nvidia's Megaspeed Scandal Is Really All About

What Nvidia's Megaspeed Scandal Is Really All About

Nvidia CEO Jensen Huang’s extramarital relationship with a woman named Alice Huang, whom US intelligence reportedly identified as a Chinese intelligence asset, is one of the biggest stories in the wor...

12 Nov 54min

The Perfect Storm That Clobbered Hedge Funds

The Perfect Storm That Clobbered Hedge Funds

Even before the US midterms, the AI trade was weakening. Just look at all the headlines from October in the hedge fund world — it was one of the bloodiest periods the industry has faced in recent memo...

11 Nov 51min

This Is How New York City Takes Out Its Trash

This Is How New York City Takes Out Its Trash

According to Joshua Goodman, trash collection in New York is one of the last services the city offers that is not yet touched by neoliberalism. What he means is that it's the last free and unlimited c...

9 Nov 52min

The Macro Implications of the Blue Tsunami

The Macro Implications of the Blue Tsunami

We don't need to tell you that the midterm elections were historic: The Democrats won bigger than even they imagined. But as the dust settles, an open question we are puzzling over is the market's ong...

6 Nov 37min

James Bosworth on What Comes After Lula's Stunning Win

James Bosworth on What Comes After Lula's Stunning Win

When we last talked to James Bosworth, it seemed like an “orange wave” was going to take over Latin America and further realign the region’s interests with those of the Trump administration. But with ...

5 Nov 32min

An Election Day Special With Nate Silver

An Election Day Special With Nate Silver

Nate Silver tells us he is calling this midterms the “rock and a hard place election” — the background conditions are great for Democrats to win both the House and the Senate, but for that to come to ...

3 Nov 42min

Populært innen Business og økonomi

stopp-verden
dine-penger-pengeradet
rss-penger-polser-og-politikk
lydartikler-fra-aftenposten
e24-podden
rss-borsmorgen-okonominyhetene
rss-skravla-gar
rss-pa-konto
tid-er-penger-en-podcast-med-peter-warren
rss-civitapodden
lederpodden
livet-pa-veien-med-jan-erik-larssen
finansredaksjonen
pengepodden-2
stormkast-med-valebrokk-stordalen
rss-markedspuls-2
morgenkaffen-med-finansavisen
pengesnakk
rss-neste-generasjon-med-emilie-stordalen
rss-orjasater