Trump named a three-member White House panel to decide whether there is cause to fire Fed Governor Lisa Cook, with a closed hearing on Nov. 5. Quartz reported that Cook's last written reply is due Nov. 10, so the route to opening a Fed board seat now runs on a calendar.
Perspective Coverage
6 publishers
- Builder
- Builder 5%
- Operator
- Operator 37%
- Investor
- Investor 58%
Reality
- Evidence82
- Adoption
- Not scored
- Hype gap+10
- Incentives75
- Confidence78
Hassett's call for Powell to quit chases one FOMC vote on a committee that hiked unanimously
Kevin Hassett wants Jerome Powell off the Fed board, a move that would let Trump nominate someone to one of the FOMC's 12 votes. Powell voted for the September hike Hassett says he disagreed with, so the seat is worth one dissent until other voters move.
Reality
- Evidence55
- Adoption
- Not scored
- Hype gap+20
- Incentives70
- Confidence50
Donald Trump wants Jerome Powell forced off the Fed board over a renovation audit and sued if he stays, in a seat whose term runs to January 2028. TD Cowen expects the threat to keep Powell there until at least early January 2027, so Trump gets no vacancy to fill.
Reality
- Evidence62
- Adoption
- Not scored
- Hype gap+20
- Incentives58
- Confidence60
A call to Bloomberg's editor cost its TV channel a year of Bessent appearances
Semafor reports that Scott Bessent warned Bloomberg's editor-in-chief of different treatment from Treasury if a story about his two principal residences ran. It ran, and he has stayed off Bloomberg Television since.
Reality
- Evidence46
- Adoption
- Not scored
- Hype gap+15
- Incentives65
- Confidence52
"An inadvertent error is not fraud": Cook turns removal attempt two into a test of "for cause"
Cook's response makes intent the whole question. Whether "for cause" carries fraud's intent requirement decides how reachable a Fed governor's vote is, and rates desks hold that answer.
Reality
- Evidence52
- Adoption
- Not scored
- Hype gap+12
- Incentives74
- Confidence55
Trump's 'for cause' case against Lisa Cook will set the price of Fed independence
The White House has started a removal process the Supreme Court declined to define, with Governor Lisa Cook due to respond by Aug. 26. The standard set will outlast this board.
Reality
- Evidence52
- Adoption
- Not scored
- Hype gap+12
- Incentives74
- Confidence55