The “Big Money Show” committee discusses the decision to reduce the high risk price in the Federal Reserve, President Donald Trump’s impact with the choice of the new federal reserve, standard gold prices and whether Powell will save more cuts.
Federal Chairman Jerome Powell On Wednesday, it refused to comment on the ongoing legal battle between the ruler of the Federal Reserve, Lisa Cook and the Trump administration about its role in the central bank.
“I see it as a tight issue that it would be inappropriate for me to comment on it,” Powell said when he was asked at the end of the FOOC Open Market Committee (FOMC).
The head of the US Federal Reserve, Jerome Powell, speaks with Lisa Cook, a member of the Federal Reserve Governor, at the Federal Reserve Building in Washington, DC, on June 25, 2025. (Saul Loeb/AFP // Getty Images/Getty Images)
The federal reserve had previously approved the potential legal dispute and wrote in a statement on August 26 that the Federal Reserve “will” adhere to any decision of the court. ”
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On Tuesday, the Trump administration pledged to fight it on Cook to supreme court After the minimum court prevented the president’s efforts to reject it. The move was the latest in a series of attempts to reject it from the Federal Reserve before the FOMC prices meeting.
Federal Reserve Chairman Jerome Powell speaks during a press conference after the Federal Open Market Committee meeting in Washington, DC, September 17, 2025. (Kent Nishimura / Bloomberg via Getty Images / Getty Images)
At the heart of the legal battle, there are baseless allegations of fraud on the mortgage against Cook, which was lifted by Bill Bouti, who is appointed Trump in the agency that oversees the Fanny and Faridi Mac.
The three household loans at the Trump Center are fighting on the Federal Reserve seat
PULTE Cook has been linked to three real estate in Michigan, Georgia and Massachusetts, which prompted the audit on whether Cook had offended how homes will be used. The three mortgage loans were issued in 2021, before being nominated by the former president Joe Biden To join the Federal Reserve.
A loan of the Atlanta home purchased by Cook, which was reviewed by Reuters, shows that it declared the property as a “holiday house” in 2021, details of the Trams administration’s charges.
President Donald Trump and Federal Reserve Governor Lisa Cook. (Chip Somodeville/Al Drao/Getty Images/Getty Images)
Pulte provided a separate referral to Ministry of Justice On these mortgage requests.
president Donald Trump She was seized on these allegations and expelled on August 25, prompting her to sue him in the Federal Court after three days. A lawsuit has not taken allegations about the multiple homes listed as a preliminary residency.
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The Ministry of Justice has opened a Criminal investigation On September 4 to cooking due to allegations of fraud on the mortgage request. Her lawyer, Abe Lille, wrote in a file on September 2 that she “has never committed the mortgage fraud.”
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