Court Decides Lisa Cook Can Stay as Fed Governor Amid Legal Battle Against Trump's Dismissal Efforts - Internewscast Journal

Contributing sentiments towards policy:

43% : If Trump can replace Cook, he may be able to gain a 4-3 majority on the Fed's governing board.
40% : Trump appointed two board members during his first term and has nominated a key White House economic adviser, Stephen Miran, to replace Adriana Kugler, another Fed governor who stepped down unexpectedly Aug. 1.
37% : Trump has said he will only appoint people to the Fed who will support lower rates.
25% : Trump has said he thinks it should be as low as 1.3%, a level that no Fed official and few economists support.
23% : Trump stated he intended to fire Cook on August 25 due to allegations from one of his appointees suggesting she committed mortgage fraud related to two properties she acquired in 2021, prior to her tenure at the Fed.
19% : "President Trump has not stated a legally permissible cause for Cook's removal," the ruling added.
14% : Trump has repeatedly attacked Powell and the other members of the Fed's interest-rate setting committee for not cutting the short-term interest rate they control more quickly.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.