Newscast Trump v The Central Bank
19 snips
Aug 28, 2025 
Caitriona Perry, a BBC chief presenter in Washington, joins Ed Davey, leader of the Liberal Democrats, to discuss the legal battles involving President Trump. The focus is on Trump’s attempt to oust Federal Reserve governor Lisa Cook, raising questions about political interference. They also tackle the ethical implications of Davey boycotting Trump’s UK state banquet amid the Gaza crisis. The conversation highlights the fragility of democratic institutions and the responsibilities leaders hold during international humanitarian emergencies.
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Risk To Fed Independence
- The White House move against Fed governor Lisa Cook threatens the Fed's statutory independence and its long 14-year terms.
- Replacing governors for political loyalty could shift interest-rate decisions and reshape the US economy.
Cook's Mortgage Allegation Explained
- Caitriona Perry explains Lisa Cook bought two properties and is accused of claiming both as primary residences on mortgage forms.
- Cook denies mortgage fraud and is suing President Trump after his attempt to remove her.
Court Test Of Presidential Power
- The court fight will test presidential removal powers and set a precedent on political interference in independent agencies.
- The case is being heard by a Biden-appointed judge, heightening political tensions.