For Those That Doubt - mytrbroadcast.com

In my last note I made a case for a possible and unusual scenario that could unfold at the next Federal Reserve conclave. However, what is not unusual is my holding to the premise that the Fed is not just political, but political to a fault.

Today, much like I did in that prior note, I want to further my analysis by using a very simple question that appears anyone and everyone within the mainstream media, in all sectors, seems to be absolutely blind to either by ignorance or by design. Here’s what I mean…

Everyone that follows current news has heard about the ongoing brouhaha happening at the Fed involving Fed Governor Lisa Cook. Mr. Trump has ordered for her to be fired, however, unlike all the others before her (and the list is getting longer as this one now demonstrates), not only has she not resigned on her own, she is defiantly refusing to follow the President’s order.

But that’s not the half of it, as I’ll now elaborate.

She says she won’t leave because the President can’t fire her. Got it? So who can? Well, one would think the Fed itself could, right? Hmmmmm, let’s see how they addressed her stance, and the stance of the President’s, as of this moment. Ready?

“Lisa Cook has indicated through her personal attorney that she will promptly challenge this action in court and seek a judicial decision that would confirm her ability to continue” on the Board of the Federal Reserve System, the Fed says in a statement.

“As always, the Federal Reserve will abide by any court decision”

(Source)

Here’s the issue with the above: where does it imply the fact of – all of this came about as a direct result of – did she? – or didn’t she? – do something illegal or entirely improper?

Hint: Nowhere.

Funny, is it not?

Again, she is being accused and being asked to leave not because the President just wants her out, but rather, because it appears she has done something very, very, very improper if not illegal. (Supposedly, the charge is mortgage fraud for improper declarations.)

Had the statement from the Fed resembled something airing on the side of: ‘We’re currently investigating the allegations made against Ms. Cook, and if found true, we will deal with them accordingly, but until that time we need to see the evidence play out first.’ I, along with anyone else, would be forced to cut them some slack.

Yet, that’s not what you see coming from the Fed, is it? Only the innuendo of: ‘Trump can’t fire her unless the court says so, therefore, we stand behind her 100%, regardless if she did do what’s alleged.’

To repeat: Nowhere coming out of the Fed (at least as I have seen) is there any mention to the what and why Mr. Trump is calling for anywhere. Just that what he’s calling for they won’t address unless a court says so. That’s called “Circling the wagons.”

And that’s pure politics.

Pure and simple.

Addendum: I received a few notes last night regarding my premise and the anemic reply from the Fed itself. That’s fine and as usual is fair game. But just to put a finer point on it, as to whom has the right idea on all this. Here’s what Treasury Secretary Bessent said in reply to questions surrounding all this since my original posting. To wit:

“She keeps saying Trump doesn’t have the authority to fire her, but we haven’t heard her say that she didn’t do it…”

Bingo!

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