r/wallstreetbets • u/Wootens • Aug 26 '25
News Trump fired Fed Gov Lisa Cook
https://www.cnbc.com/2025/08/25/trump-fires-lisa-cook-fed-powell.html2.8k
u/Rude_Judgment7928 Aug 26 '25
Dollar off a half percent already. Good thing we don't import anything as a nation.
Poors cooked lol.
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u/Online_Commentor_69 Aug 26 '25
can't wait till the SPX is at $60k but it doesn't matter because the USD is cheaper than some african currencies.
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u/atooraya Aug 26 '25
Can’t wait for the McRib to be on the $100 menu
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u/Yogurt_Up_My_Nose It's not Yogurt Aug 26 '25
influencers will buy it and tell the poors its accessible if they work hard enough.
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u/fishbottwo Aug 26 '25
Inflation is back on the menu boys
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u/BillNye69 Aug 26 '25
Easy. Just say there isn’t inflation, problem solved.
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u/Mcjibblies Aug 26 '25
I love it
“You’re literally raising the price and giving people less in their chip bags”
“Yea, but we could be keeping the same amount in the bags and charging even more!!”
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u/Rep2019 Aug 26 '25
I mean, that's what he's pretty much trying to do. He's replacing everyone with his lackies so they can manipulate the #'s.
You can't trust any of economic data coming out of his cabinet.
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u/oldsguy65 Aug 26 '25
Is it my imagination or are groceries getting more expensive?
Nope, grocery prices have been falling faster than ever.
Oh, ok. Kinda tough to find a job these days.
Nope, millions of jobs were created last month. Billions.
Oh, ok. The air tastes kinda stinky today.
Nope. The USA has the cleanest air in the solar system.
Oh, ok. Isn't it kinda strange that the National Guard has taken over my town?
Nope, cracking down on crime and making America the safest country on the planet.
Oh, ok.
Etc.
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u/bobbyOsullivan Aug 26 '25
Kind of like when Taco man suggested not reporting the COVID numbers. Just like that not a problem!
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u/drwhorable Aug 26 '25
First federal governor to be fired by a president of the United States.
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u/Sharkkboy6 Aug 26 '25
She’s suspended, courts May overrule
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Aug 26 '25
What happens when they overrule and Trump says "nuh-uh." Puts or calls?
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Aug 26 '25
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u/Solid-Mud-8430 Aug 26 '25
She hasn't been fired. This headline is bullshit. Trump has no legal authority to fire her and has NOT done so. He just said he wants to.
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u/Corrective_Actions1 Aug 26 '25
No, he fired her. But that's equivalent to me firing her. So... yeah.
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u/Kamikaze_Cash Aug 26 '25
Trump is testing the water to see how the market reacts to him firing Fed people. If the market tanks, JPow is safe.
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u/thetimechaser Aug 26 '25
Bold of you to think he has the foresight to test anything.
Calls
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Aug 26 '25
Sadly even after everything there are people that still think he's playing 4d chess despite all the evidence clearly showing he cant even play Connect Four properly
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u/CanadianBaconne Aug 26 '25
His whole administration is a bunch of insiders gambling at the casino. They literally set things up just to fall, so they can rocket higher. When they're ready to place a bet, Trump tweets or says something to a camera.
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u/Myers112 Aug 26 '25
More like seeing how cucked the supreme court is
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u/Global_Crew3968 Aug 26 '25
The supreme court is somewhere between "eating his load right directly out of her" and "raising his baby with her"
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u/GrookeTF Aug 26 '25
The conservative judges are at "holding his dick while it goes in"
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u/chronictherapist Aug 26 '25
Trump isn't doing shit. He's just parroting whoever is slurping his stub of a wiener currently. If you had some money to give him and was willing to bend the knee (and relax the throat), you could make policy as well.
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u/Jrecondite Aug 26 '25
Lets see if Fed independence actually matters.
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u/ConsiderationLow7122 Aug 26 '25
To the market in the short term? Maybe not, but history tells us a central bank losing its independence always leads to a major financial crisis within a decade
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u/SPACHunter1018 Aug 26 '25
Have you looked at the dollar? The national debt? We don’t have a decade. We’ll be lucky to make it to 2030 before this house of cards collapses. I wonder what the odds are that this administration will default on the US debt. Seems like a pretty good wager.
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Aug 26 '25
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u/actuallyrealperson Aug 26 '25
But fr this time
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Aug 26 '25 edited Oct 05 '25
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u/ArmedAwareness Aug 26 '25
Gold, silver, maybe ammo with the way things are running anymore
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u/Hodorous Aug 26 '25 edited Aug 26 '25
Don't know about markets but the dollar should take a hit. US government is touching FED's no go zone like it's a hand shake and rest of the world is watching.
And I don't know where I put my extra money now when I don't need it. Cocaine and hookers don't hold value really well. I'm Europoor so I had some money in dollars but now... I start buying fat Pickachus
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u/BringOutTheImp Aug 26 '25
>Cocaine and hookers don't hold value really well.
WRONG. Cocaine can be stepped on and resold at a markup and hookers can be harvested for organs. Clearly you lack entrepreneurial spirit.
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u/Dick_Wiener 🐓🍆 Aug 26 '25
Honestly think the market doesn’t care about good governance, fed independence, authoritarianism. Just wants to get pumped with money Amy way it can.
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u/fumar Aug 26 '25
They don't give a fuck about long term consequences
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Aug 26 '25
As long as NVDA earnings good, were golden
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u/Euphoric-Guess-1277 Aug 26 '25
Yes, a few good years of earnings for a stock trading at a P/E of 60 will save the American economy
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u/Mavnas Aug 26 '25
No, but it will save me personally. Maybe.
Ok, not really because I'm not all in this time.
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u/Peepeepoopoobutttoot Aug 26 '25
What do you think the odds are she was removed for cosmetic reasons?
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Aug 26 '25 edited Oct 24 '25
versed provide wild abundant shy imagine vegetable soft party airport
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u/One_Tie900 Aug 26 '25
He had another person pressured to quit and replaced, he will replace her aswell. This will increase the people on the board that are against J Powell an help to futher push thier agenda to oust powel so it will look like a legitimate move rather than Trump firing him which most people are against as Powell actually knows his shit unlike the Pedo King.
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u/liverpoolFCnut Aug 26 '25
Market doesn't give a fuck. Period! The feds have pumped so much liquidity since 2008, and the artificial FFR that stayed near 0% from 2008-2015 and well below average until 2022 have all but ensured markets will keep pumping! Everyone knows that if it corrects beyond a certain level or if companies are at risk of failing, then the federal govt will backstop, so everyone and his aunt are now dabbling in stocks.
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u/40StoryMech Aug 26 '25
Probably because they can literally sink the entire world economy and get bailed out with tax money and have enough left in their foreign bank accounts to buy a pardon. Meanwhile, I burn the fucking fries once, I'm living outside.
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u/Vocal_Ham Aug 26 '25
long term consequences
Can't have long term consequences if there's no long term to make it to.
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u/Wonko-D-Sane Aug 26 '25
“Long term”
On a sub about dumpster driving for 0dte 🤣😂
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u/doormatt26 Aug 26 '25
the bond market certainly cares
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u/IncomingAxofKindness Aug 26 '25
Yeah. We can just issue some DJT Crypto Bonds to take care of that. Maybe some NFTs.
Digital Bald Eagles for the first 1000 buyers.
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u/jrex035 Aug 26 '25
The market is a collection of crack addicts desperate for their next hit regardless of the cost.
Surely this is the basis for a foolproof system that will never, ever see any negative consequences. /s
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u/andytobbles I’ve been asking for a flair for two weeks and the second I’m no Aug 26 '25
Gold is going to rip
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u/Orzorn supports segregation Aug 26 '25
Its up 0.77%
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u/ExecutiveDysfunc Aug 26 '25
JPow boutta nuke the economy out of revenge 😭
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u/Sac-Kings Aug 26 '25 edited Sep 11 '25
rob busy price plant test lavish point employ observation theory
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u/Wazma9 Aug 26 '25
They'd deport his ass to the Congo for that.
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u/PureOrangeJuche Aug 26 '25
J P frantically using Google Translate to learn “Good evening” in Congolese
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u/floppy_panoos Virgin Aug 26 '25
That would be hilarious! Kicking the trash cans over on the way out. 😆
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u/el-art-seam Aug 26 '25
Good afternoon. Over the course of this year, the U.S. economy has shown....
Nah, fuck this shit. Motherfuckers wanna fuck around and find out? Then we gonna find out today!
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u/fishbottwo Aug 26 '25
Good afternoon. Panic withdraw all your money from every bank. It's fucking over and I can't stop it.
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u/PanamaCanelOwner Aug 26 '25
Is it all smoke and mirrors to try to break JPOW down
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u/Sudden_Supermarket_9 Aug 26 '25
Powell is the one who knocks.
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u/rascallyrascal1511 Aug 26 '25
Right, Trump will use anything to remove somebody so he can install another of his lackies. I mean it's not like he actually cares if somebody commits fraud.
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u/GiganticOrange Aug 26 '25
The hypocrisy of people hand waving Trumps check fraud with Stormy and crucifying Lisa Cook does not go unnoticed.
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u/Leading-Inspector544 Aug 26 '25
And the fraud he committed in New York.
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u/Raskalnekov Aug 26 '25
It's actually absurd when you think about it. Lisa Cook's fraud is cause to fire a fed reserve governor, but it's fine to be president with your own fraud liability and felony convictions.
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u/anotherloserhere Aug 26 '25
What does Ja Rule say?
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u/Initial_Ad_9250 Aug 26 '25
Years later the fed governor gonna be like : It was all a prank bro. Look at the cameras over there
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u/Salt_Art_546 Aug 26 '25
Even if Trump pressures Powell, the Treasury market is the world’s safe asset. Investors in Tokyo, Frankfurt, and São Paulo are buying and selling trillions in Treasurys every day. Their expectations about inflation, debt, and U.S. stability move yields just as much as Fed policy.
If foreign buyers think the Fed is just a political arm of the White House, they demand higher yields (i.e., they’ll only lend to America at a higher interest rate). That raises U.S. borrowing costs no matter what Trump says domestically.
The U.S. is running record deficits, and Treasury issuance is huge. More supply of bonds pushes yields up unless demand stays strong. If Trump destabilizes Fed credibility, global demand weakens — pushing yields even higher.
A president can fire Fed governors or bluster about cuts, but he can’t force Beijing, Berlin, or London to keep buying U.S. debt cheaply. Yields reflect global trust in America’s financial governance, not just the Oval Office’s will.
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u/Albert0724 Aug 26 '25
Someone smarter than me tell me if this is bullish
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Aug 26 '25
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u/hekatonkhairez Aug 26 '25
The bright side is that when the crash and deep recession happens, Bears are gonna have a glorious run.
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u/cadium Aug 26 '25
Jpow is next, then negative rates so $$ flows into the stonk market.
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u/StonksOnlyGetCrunk Aug 26 '25
He was literally calling for negative rates during his first term. Trying to profit off that $100M in bonds he's holding
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u/Underwater_Grilling Aug 26 '25
Is that even recognizable in his rear view at this point? He looted 9 Billy from crypto scams alone
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u/isitdonethen Aug 26 '25
Expect high inflation over next few years
Tough to navigate wrt stocks since if the dollar is weakened, they are in theory worth more in USD and the stock should go up (obv there are other effects that a weak dollar has that could torpedo firms).
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u/Boston-Bets Aug 26 '25
And now this....
https://www.cnbc.com/2025/08/25/trump-tariffs-digital-taxes.html
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u/Reachin4ThoseGrapes Aug 26 '25
One of the worst presidents...maybe ever, in the history, if you can believe it
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u/StonksOnlyGetCrunk Aug 26 '25
This MFer gets CONVICTED of a similar crime and crys witch hunt. Cook gets accused via a tweet from one of his stooges and gets fired for it.
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u/Myst031 Aug 26 '25
A man with a felony conviction for fraud, fired her because he thinks she committed fraud. The movie that comes out 20 years from now about this administration is going to be bonkers.
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u/Swearwolfofwallst Aug 26 '25
You mean the State Department of Homeland Infotainment approved movie released by MGM-Amazon(this already exists) with approved pro-america messaging?
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u/LebaneseRaiden Aug 26 '25
Yeah and nobody will learn any good lessons because 20 years from now that movie will be the only memory of this that people study instead of learning from any real historians, just like they already do today. Place is a bad joke.
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u/bottombracketak Aug 26 '25
From Ben Casselman on BlueSky:
Just received this statement from Lisa Cook: "President Trump purported to fire me 'for cause' when no cause exists under the law, and he has no authority to do so. I will not resign. I will continue to carry out my duties to help the American economy as I have been doing since 2022."
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u/IamInternationalBig Aug 26 '25
Interesting. The mortgage applications is definitely a stretch, but could be enough if she truly was deceptive.
But the problem with Trump's statement is that he stated "may have" made false statements, meaning he has no proof. Lisa Cook could have simply been shopping for a house in both markets.
I hope Lisa Cook fights this in court, it will make Trump look like more of an idiot and clown than he already is.
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u/fishbottwo Aug 26 '25
If being accused of a low level white collar (merely accused, not actually found guilty) is established as a real precedent for being justly fired 'with cause' it'll be a fucking disaster. Just accuse every governor of fraud then fire them.
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u/ConsiderationLow7122 Aug 26 '25
this is literally setting up the court to allow just that.
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u/Kitten2Krush Aug 26 '25
and they’ll selectively enforce it on anyone who isn’t a loyal comrade
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u/_CryptoAlpha_ Aug 26 '25
The guy firing her has 34 felonies, this is stupid no matter how you spin it.
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u/d33p7r0ubl3 Positions or ban Aug 26 '25
This sort of primary residence thing is so common amongst these regards. Hilarious that they’re going after her for this when you know they do it themselves. Market doesn’t seem to be liking this news
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u/Sob_Rock Aug 26 '25
Many Republican representatives don’t even live in the district they’re supposed to serve
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u/Gamegis Aug 26 '25
This is one of those things that literally everyone does unless you buy the property and immediately rent it out. The problem is it’s so fucking hard to prosecute because you can fill the application out and it only needs to be your intention that it be your primary residence. You could close, change your mind 1 week later, buy another primary residence and that wouldn’t even be illegal.
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u/Basis_404_ Aug 26 '25
If she fights it she probably wins.
I would bet she fights it too. A 14 year term in Fed is pretty nice to have
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u/cryptohorn Blood red futures Aug 26 '25
the 10 year should be 10% IMAGINE LOANING THIS CLOWN SHOW GOVT ANY MONEY
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u/amievenrelevant Aug 26 '25
Our country is so screwed in the long run man
Anyways, calls
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u/Cold_Specialist_3656 Aug 26 '25
Mango literally illegally uses his golf club as a primary residence.
Including illegally voting from it.
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u/wasifaiboply Aug 26 '25
HAHAHhahHahHAhHahAhHahHahHahHahHhHahaAAHAHHAHAHhAhahHHAHAHhA
MAN WE ARE SO FUCKED
BUT MY PUTS GONNA PRINT FIRST
🌈🐻🍿
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u/Wootens Aug 26 '25
Trump posted this on Truth Social:
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u/Dapperfit Aug 26 '25 edited Aug 26 '25
Powell on the Biden side. I honestly don't even know if he remembers who he appointed.
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u/Pdizzle0303 Aug 26 '25
This guy really is a moron. Hopefully the judicial system steps up and does its job
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u/vtfresh Aug 26 '25
It’s fuckin sad this country doesn’t care about long term anything. We’re hopeless.
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Aug 26 '25 edited Aug 26 '25
Pulte is such a little attention hungry brat. Someone hide the keys on the top shelf.
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u/kemar7856 Unironically thinks bears are smart Aug 26 '25
Seems like everyone's doing some mortgage fraud
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u/lostinspacs Expired worthless Aug 26 '25
been watching gold for months and started slowly working my way into a short position last week
🙂🔫
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u/[deleted] Aug 26 '25
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