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    Read Trump’s Directive Firing Lisa Cook From Fed Role

    THE WHITE HOUSE

    WASHINGTON

    August 25, 2025

    Dr. Lisa D. Cook

    Member

    Board of Governors
    United States Federal Reserve System
    20th Street & Constitution Avenue, N.W. Washington, D.C. 20551

    Dear Governor Cook:

    Pursuant to my authority under Article II of the Constitution of the United States and the Federal Reserve Act of 1913, as amended, you are hereby removed from your position on the Board of Governors of the Federal Reserve, effective immediately.

    The Federal Reserve Act provides that you may be removed, at my discretion, for cause. See 12 U.S.C. § 242. I have determined that there is sufficient cause to remove you from your position.

    As set forth in the Criminal Referral dated August 15, 2025, from Mr. William J. Pulte, Director of the Federal Housing Finance Agency, to Ms. Pamela Bondi, Attorney General of the United States (“Criminal Referral”) (attached to this letter as Exhibit A), there is sufficient reason to believe you may have made false statements on one or more mortgage agreements. For example, as detailed in the Criminal Referral, you signed one document attesting that a property in Michigan would be your primary residence for the next year. Two weeks later, you signed another document for a property in Georgia stating that it would be your primary residence for the next year. It is inconceivable that you were not aware of your first commitment when making the second. It is impossible that you intended to honor both.

    The Federal Reserve has tremendous responsibility for setting interest rates and regulating reserve and member banks. The American people must be able to have full confidence in the honesty of the members entrusted with setting policy and overseeing the Federal Reserve. In light of your deceitful and potentially criminal conduct in a financial matter, they cannot and I do not have such confidence in your integrity. At a minimum, the conduct at issue exhibits the sort of gross negligence in financial transactions that calls into question your competence and trustworthiness as a financial regulator. More

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    Immigration, Trump and the Economy: 11 Latino Voters Discuss

    What word best describes how you feel things are going in the country? What word best describeshow you feel things are goingin the country? “Bad.” Esteban, 22, Texas, Republican “Better.” Jeanette, 42, Fla., Republican “Conflicted.” Meranda, 28, Idaho, independent In November nearly half of Latino voters selected Donald Trump for president — a decisive change […] More

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    Obama Won Record Numbers of Nonwhite Voters. This Is How the Democrats Lost Them.

    <!–> –>It seemed that the multiracialcoalition that elected Barack Obamawould secure a Democratic future for this country for decades.<!–> –>It seemed that themultiracial coalition that elected BarackObama wouldsecure a Democraticfuture for thiscountry for decades.<!–> –>But instead, as America growsmore diverse, it has become moreconservative. Why?<!–> –>But instead, asAmerica growsmore diverse, it hasbecome moreconservative. Why?<!–> [!–> […] More

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    There Is Hope for Democrats. Look to Kansas.

    Two Opinion writers on the Democratic governors who might just save the party.David Leonhardt, an editorial director for Opinion, talks to the Opinion correspondent Michelle Cottle about her recent reporting trip to Kansas. Cottle argues that Democrats should look to moderate governors like Laura Kelly of Kansas for a playbook.There Is Hope for Democrats. Look to Kansas.Two Opinion writers on the Democratic governors who might just save the party.Below is a transcript of an episode of “The Opinions.” We recommend listening to it in its original form for the full effect. You can do so using the player above or on the NYT Audio app, Apple, Spotify, Amazon Music, YouTube, iHeartRadio or wherever you get your podcasts.The transcript has been lightly edited for length and clarity.David Leonhardt: Democrats are spending a lot of time these days agonizing about what the future of their party should look like. Today we’re going to talk about one potential answer. The party’s current crop of governors: politicians who have a proven ability to win elections, including some really tough elections, and to govern as well.My colleague Michelle Cottle recently traveled to Kansas to talk with one of the country’s most impressive governors. Laura Kelly is a moderate Democrat in her second term. Kansas is so Republican that it hasn’t elected a Democratic senator since 1932. It’s so Republican that there is a famous book, “What’s the Matter With Kansas?” lamenting the failure of Democrats there. Yet Governor Kelly is now in her second term.Michelle and I are going to talk about what lessons she offers for her party. Thanks for being here.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Texas Republicans Look to Jam Democrats With Vote on Redistricting

    By taking up new congressional maps pushed by President Trump first, Republicans hope to discourage Democrats from walking out of a special session before they vote on flood relief.Republicans in the Texas Legislature are planning to hold off on voting on measures to address the state’s deadly July 4 flooding until after they approve a partisan redistricting of Texas’ U.S. House boundaries, hoping to thwart Democrats’ efforts to block new House maps, according to two people briefed on the discussions.Republican leaders gaveled in the special legislative session on Monday, called by Gov. Greg Abbott, a Republican with an ambitious list of demands for the session. The biggest by far are flood response, driven by a disaster that killed at least 135 people, and redistricting, driven by President Trump.Public hearings on the floods start on Wednesday in Austin and in hard-hit Kerrville next week. Hearings on redistricting will span the next two weeks in Austin, Houston and the Dallas area.Texas Republicans had been working quietly for several months to take up Mr. Trump’s call for an aggressive redrawing of the state’s congressional maps, aiming to gain five additional Republican seats in the U.S. House and help the party keep control of the chamber after the 2026 midterms.Then the floods hit on July 4 and prompted calls for state leaders to improve warning systems and provide disaster relief.Now those two imperatives — one a natural disaster, the other overtly political — could create an incendiary atmosphere as the legislative session builds steam, with just 30 days to accomplish both.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Trump Posts Fake Video Showing Obama Arrest

    President Trump shared what appeared to be an A.I.-generated video of former President Barack Obama being detained in the Oval Office.President Trump reposted a fake video showing former President Barack Obama being arrested in the Oval Office, as Trump administration officials continue to accuse Mr. Obama of trying to harm Mr. Trump’s campaign during the 2016 election, and the president seeks to redirect conversation from the Epstein files.The short video, which appears to have been generated by artificial intelligence and posted on TikTok before being reposted on Mr. Trump’s Truth Social account on Sunday, comes days after the Office of the Director of National Intelligence issued the latest in a series of reports from the Trump administration trying to undermine the eight-year-old assessment that Russia favored the election of Mr. Trump.The video appears to be manipulated footage of an Oval Office meeting that took place in November 2016 between Mr. Obama, then the president, and Mr. Trump, who days earlier had defeated Hillary Clinton, the Democratic nominee, in the election.The fake video purports to show F.B.I. agents bursting into the meeting, pushing Mr. Obama into a kneeling position and putting him in handcuffs as Mr. Trump looks on smiling, while the song “Y.M.C.A.” by the Village People plays. Later, the fake video shows Mr. Obama in an orange jumpsuit pacing in a cell. The start of the video shows a compilation of actual footage of Democratic leaders, including Mr. Obama and former President Joseph R. Biden Jr, saying, “no one is above the law.”Mr. Obama’s office did not immediately respond to a request for comment on the video.Mr. Trump regularly reposts A.I.-generated or mocked-up videos and photographs on his Truth Social account.Tulsi Gabbard, the director of national intelligence, said last week that the latest report released by her offices showed a “treasonous conspiracy in 2016” by top Obama administration officials to harm Mr. Trump. She said she would make a criminal referral to the F.B.I. based on recently released documents.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    A Pro-Trump Community Reckons With Losing a Beloved Immigrant Neighbor

    Voters here in Oregon’s rural Yamhill County have backed Donald Trump for three presidential elections in a row, most recently by a six-point margin. His promises to crack down on immigration resonated in these working-class communities.Then last month ICE detained Moises Sotelo, a beloved but undocumented Mexican immigrant who has lived in the county for 31 years and owns a vineyard management company employing 10 people. Two of his children were born here and are American citizens, and Sotelo was a pillar of his church and won a wine industry award — yet he was detained for five weeks and on Friday was deported to Mexico, his family said.“Moises’s story just really shook our community,” Elise Yarnell Hollamon, the City Council president in Newberg, Sotelo’s hometown, told me. “Everyone knows him, and he has built a reputation within our community over the last few decades.”Christopher Valentine for The New York TimesThe result has been an outpouring of support for Sotelo, even in this conservative county (which is also my home). More than 2,200 people have donated to a GoFundMe for the family, raising more than $150,000 for legal and other expenses, and neighbors have been dropping off meals and offering vehicles and groceries.“Oh, my God, it’s been insane,” said Alondra Sotelo Garcia, his adult daughter, who was born in America. “I knew he was well known, but I didn’t know how big it would blow up to be.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More