this post was submitted on 28 Aug 2025
135 points (100.0% liked)

politics

25875 readers
3432 users here now

Welcome to the discussion of US Politics!

Rules:

  1. Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

  1. Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
  2. Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
  3. No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
  4. Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
  5. No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That's all the rules!

Civic Links

Register To Vote

Citizenship Resource Center

Congressional Awards Program

Federal Government Agencies

Library of Congress Legislative Resources

The White House

U.S. House of Representatives

U.S. Senate

Partnered Communities:

News

World News

Business News

Political Discussion

Ask Politics

Military News

Global Politics

Moderate Politics

Progressive Politics

UK Politics

Canadian Politics

Australian Politics

New Zealand Politics

founded 2 years ago
MODERATORS
 
  • Federal Reserve Board Governor Lisa Cook sued to challenge her removal by President Donald Trump.
  • Trump said Monday that he was firing Cook because of allegations that she committed mortgage fraud.
  • Critics say that the move undermines the independence of the Fed, which sets key interest rates that affect mortgage rates and other debt rates.

I'll note that the Supreme Court previously required that all firings of federal reserve officials by the President be for cause. So he had one of his henchmen cook up allegations, but couldn't get an indictment for them, and wants to fire her over them just because.

you are viewing a single comment's thread
view the rest of the comments
[–] N0t_5ure@lemmy.world 13 points 1 month ago (3 children)

Make no mistake, this is a dress rehearsal for firing Powell. Trump is testing what he can do with the "for cause" language. If the Supreme Court is deferential, and willing to accept a broad definition of "for cause" and defer to the president to determine exactly what "cause" is sufficient to justify firing a Fed governor, you can 100% assume that firing Powell for "cause" relating to his remodel of the Fed buildings. In addition, if this firing sticks, Trump will end up with 4 of 7 Board of Governors appointees.

[–] Redfugee@lemmy.world 5 points 1 month ago (1 children)

If this firing sticks there is no need to fire Powell, he'll likely not be reappointed next May.

[–] N0t_5ure@lemmy.world 7 points 1 month ago (1 children)

His term as Fed Chair ends in May 2026. He'll still be a voting governor when his chairmanship ends.

[–] Redfugee@lemmy.world 5 points 1 month ago

Yes, but if this firing sticks and another fed governor is appointed, the administration will have a majority (4/7) to oust Powell next term.

load more comments (1 replies)