We’re not seeing much upside in President Donald Trump’s bid to fire Lisa Cook from the Federal Reserve Board, just a lot of risk.

For starters, he seems to have chosen needlessly weak grounds : The “cause” he says he’s axing her for consists of allegations from Bill Pulte, the Federal Housing Finance Agency chief, that Cook in 2021 fraudulently claimed two separate properties as her “primary residence” to get better loan terms.

The prez didn’t even wait for Attorney General Pam Bondi to act on Pulte’s criminal referral with an investigation, let alone charges.

Plus, this would be the first-ever removal of a Fed governor since the central bank’s creation in 1913; if it even looks too political, it’ll undermine confidence in the bank’s independence, and therefore in the dollar

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