Trump wielded allegations of mortgage fraud against Fed governor Lisa Cook as a tactic to undermine Fed independence and pressure central-bank decisionmaking. Multiple outlets examined the claims, legal strategies, and the broader historical and political stakes for democratic control of central banking. The administration ordered a major expansion of the National Guard's domestic law enforcement role, with plans to deploy forces beyond DC and Los Angeles and provoke debate over federal intervention, public safety, and civil liberties. The campaign included aggressive moves against the renewable wind industry and the use of mortgage filings as a political weapon, amid weakening consumer sentiment and rising inflation expectations.
This week, Emily Bazelon, John Dickerson, and David Plotz discuss Trump's brazen effort to smash Fed independence by wielding allegations of mortgage fraud against Fed governor Lisa Cook, the expanding law enforcement role of the National Guard in DC and other cities, and the inexplicable folly of Trump's all-out assault on the renewable wind industry. Here are some notes and references from this week's show: David Frum for The Atlantic: Trump Is Sending a Terrifyingly Clear Message
Madeleine Ngo, Tony Romm, and Matthew Goldstein for The New York Times: What to Know About the Allegations Against Lisa Cook of the Fed Josh Gerstein and Kyle Cheney for Politico: 'Judicial hesitancy': Why Trump is betting the courts will green-light his ouster of Lisa Cook Adam Tooze for Chartbook (Substack): Trump v. the Fed: or how history is forcing the question of a democratic politics of central banking.
John Ismay, Helene Cooper, and Eric Schmitt for The New York Times: Trump Orders Major Expansion of National Guard's Role in Law Enforcement Kaanita Iyer for CNN: Following LA and DC, Trump wants to send the National Guard to other US cities. Here's how he can do it J.D. Tuccille for Reason: We Don't Need More Federal Intervention in U.S. Cities Tosin Akintola for Reason: Trump Directs DOJ To Penalize States and Cities That Use Cashless Bail
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