Rohit Chopra, the former director of the Consumer Financial Protection Bureau under Joe Biden, accused the White House of seeking to "transform the financial regulators from independent watchdogs into obedient lapdogs that do as they're told".
"Wrecking institutions with unlawful behavior and pathetic power grabs come with costs to Americans," said Skanda Amarnath, the executive director of Employ America and a former Fed economist. "The dollar continues to weaken as American governance continues to erode. That means higher prices for all commodities. Chair Powell must ensure that Lisa Cook is not removed as a result of these arbitrary and capricious actions from the president."…
https://www.theguardian.com/business/2025/aug/25/trump-fires-federal-reserve-governor-lisa-cook
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