Summary
President Trump wants to fire Federal Reserve Governor Lisa Cook, accusing her of mortgage fraud. Cook plans to fight back with a lawsuit, arguing Trump has no legal grounds to dismiss her. Meanwhile, the Democratic National Committee (DNC) is focusing on future election strategies at their summer meeting.
Key Facts
- President Trump is trying to remove Lisa Cook from her position as a Federal Reserve Governor.
- Trump accuses Cook of mortgage fraud related to two home loans she allegedly took out in 2021.
- Cook's attorney says a lawsuit will be filed, challenging Trump's attempt to fire her.
- Trump wants to replace Cook with someone else on the Fed's board.
- The Fed is expected to work independently, but Trump has pushed it to lower interest rates.
- The DNC is meeting in Minneapolis to discuss strategies for future elections, focusing on state-level support.
- The DNC's message includes opposition to Trump's One Big Beautiful Bill Act and concerns about political redistricting.