Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, issued a statement calling President Trump’s attempt to remove Federal Reserve Board Governor Lisa Cook illegal, a violation of the Federal Reserve Act, and an “authoritarian power grab” that she said should be overturned in court.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2025-08-25
U.S. Senate Committee on Banking, Housing and Urban Affairs ranking member denounces President Trump’s attempt to fire Federal Reserve Governor Lisa Cook
Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, criticized President Trump's attempt to remove Federal Reserve Board Governor Lisa Cook as illegal and a violation of the Federal Reserve Act. She described the move as an "authoritarian power grab" that should be challenged in court.