Trump Gets Justice Department Green Light to Fire Fed’s Cook in Shakeup

DOJ Backs Trump's Bid to Oust Fed Governor Cook—Here's Why It Matters

The Power Play

Trump just secured Justice Department approval to remove Federal Reserve Governor Lisa Cook from her position. The move signals a dramatic escalation in the administration's efforts to reshape monetary policy—and nobody's pretending this is about anything but control.

Policy or Politics?

Cook, appointed during the previous administration, has been a voice for cautious rate policies. Trump's team wants dovish oversight—but on their terms. The DOJ's backing gives legal cover for what critics call a purely political purge.

Markets Don't Blink

Surprisingly, markets barely flinched at the news. Then again, when you've seen trillion-dollar memecoins and stablecoin collapses, a little Fed drama feels almost quaint. Just another day in decentralized finance—where the only thing more volatile than crypto is politics.

One thing's clear: when traditional finance and government power collide, it’s retail investors who end up holding the bag.

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“Her only ‘evidence’ is that the President has criticized the Board over policy,” read the filing. “But the mere existence of policy disagreement does not mean the President removed Dr. Cook because of that policy disagreement.”

Justice Department Cites Pulte Allegations, Initiates Criminal Investigation of Cook

Furthermore, the Justice Department said that mortgage fraud allegations first brought to light under Federal Housing Finance Agency (FHFA) Director Bill Pulte are enough “cause” to remove Cook.

Earlier today, the Justice Department initiated a criminal investigation against Cook, issuing subpoenas to her in order to collect more information on her property mortgages, according to the Wall Street Journal.