Claims

View and explore all extracted claims from processed sources.

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Extracted Claims (29746)

“Allowing the president to remove members of the board over policy disagreements would also render illusory the board’s independence,” the lawsuit added. 0.500

👤 The author 📋 Website Article 🏷️ General

Simplified: Allowing the president to remove board members over policy disagreements would render illusory the board's independence

1 sources

2 weeks ago
It warned that a Fed setting policy based on ways to make the government’s debt more manageable, as the president has urged, would lead to “economic collapse and hyperinflation.” 0.500

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Simplified: A Fed setting policy to make government debt more manageable would lead to economic collapse and hyperinflation

1 sources

2 weeks ago
FEMA employees say the Trump administration has reversed that progress. 0.900

👤 FEMA employees 📋 News Article 🏷️ Government , Politics

Simplified: Trump administration reversed disaster response progress according to FEMA employees

1 sources

2 weeks ago
The lawsuit also stressed the importance of a Fed that was insulated from the White House, saying that it was “essential for a stable economy, as the short-term political interests of a president ofte... 0.500

👤 The author 📋 Website Article 🏷️ General

Simplified: The lawsuit stressed the importance of a Fed insulated from the White House essential for a stable economy

1 sources

2 weeks ago
After Hurricane Katrina, Congress passed a law to strengthen the nation’s disaster response. 1.000

👤 The author 📋 News Article 🏷️ Government , Law

Simplified: Congress passed a law to strengthen disaster response after Hurricane Katrina

1 sources

2 weeks ago
Ms. Cook retained her own counsel in the lawsuit, and she is not represented by the Federal Reserve. 0.500

👤 The author 📋 Website Article 🏷️ General

Simplified: Lisa Cook retained her own counsel in the lawsuit she is not represented by the Federal Reserve

1 sources

2 weeks ago
“It is also illegal to do so without providing her with notice and an opportunity to be heard. 0.500

👤 Lev Menand 📋 Website Article 🏷️ General

Simplified: It is illegal to remove a Fed member without providing notice and an opportunity to be heard

1 sources

2 weeks ago
“Cook asks the court to conclude the obvious: that it is illegal to remove a member of the Federal Reserve Board for something they ‘may' have done prior to taking office,” said Lev Menand, a professo... 0.500

👤 Lev Menand 📋 Website Article 🏷️ General

Simplified: Lev Menand said it is illegal to remove a Fed member for something they may have done prior to taking office

1 sources

2 weeks ago
That could allow her to cast a vote on the direction of interest rates at the next Fed meeting to discuss borrowing costs in September. 0.500

👤 The author 📋 Website Article 🏷️ General

Simplified: Allowing Lisa Cook to continue serving could allow her to vote on interest rates in September

1 sources

2 weeks ago
The lawyers asked the district court to allow Ms. Cook to continue serving at the Fed on a temporary basis while she contested the legality of her firing. 0.500

👤 The author 📋 Website Article 🏷️ General

Simplified: Lawyers asked the district court to allow Lisa Cook to continue serving at the Fed temporarily

1 sources

2 weeks ago
Inefficiency, neglect of duty and malfeasance in office are the three types of misconduct generally regarded under law as grounds for the president to remove an official for cause. 0.500

👤 The author 📋 Website Article 🏷️ General

Simplified: Inefficiency neglect of duty and malfeasance in office are grounds for the president to remove an official for cause

1 sources

2 weeks ago
“The unsubstantiated mortgage fraud allegations that allegedly occurred prior to Governor Cook’s Senate confirmation do not amount to ‘inefficiency, neglect of duty or malfeasance in office,’” the law... 0.500

👤 The author 📋 Website Article 🏷️ General

Simplified: The lawsuit says unsubstantiated mortgage fraud allegations do not amount to inefficiency neglect of duty or malfeasance in office

1 sources

2 weeks ago
The lawsuit did not provide an explanation for why Ms. Cook listed two residences as her primary residence, which is the issue at the crux of a campaign against her. 0.500

👤 The author 📋 Website Article 🏷️ General

Simplified: The lawsuit did not explain why Lisa Cook listed two residences as her primary residence

1 sources

2 weeks ago
The filing also said Mr. Trump violated Ms. Cook’s right to due process, highlighting that she had no chance to respond to the allegations before the president announced her termination. 0.500

👤 The author 📋 Website Article 🏷️ General

Simplified: The filing said Mr Trump violated Lisa Cook's right to due process

1 sources

2 weeks ago
Nor was Ms. Cook afforded an opportunity to review the evidence and respond to the claims formally, which struck many observers as legally problematic. 0.500

👤 The author 📋 Website Article 🏷️ General

Simplified: Lisa Cook was not afforded an opportunity to review evidence and respond to claims formally

1 sources

2 weeks ago
In a 24-page filing, lawyers for Ms. Cook said the firing would “subvert” the central bank’s congressionally mandated protections as laid out in the Federal Reserve Act. 0.500

👤 The author 📋 Website Article 🏷️ General

Simplified: Lawyers for Lisa Cook said the firing would subvert the central bank's congressionally mandated protections

1 sources

2 weeks ago
Many experts questioned the legality of Mr. Trump’s actions, pointing out that the allegations against Ms. Cook were unproven and involved conduct that predated her time at the Fed. 0.500

👤 The author 📋 Website Article 🏷️ General

Simplified: Many experts questioned the legality of Mr Trump's actions allegations against Lisa Cook were unproven and predated her time at the Fed

1 sources

2 weeks ago
But Ms. Cook, the first Black woman to serve as a Fed governor, has not been charged or convicted of any crime. 0.500

👤 The author 📋 Website Article 🏷️ General

Simplified: Lisa Cook has not been charged or convicted of any crime

1 sources

2 weeks ago
The president claimed that Ms. Cook, who was confirmed by the Senate in 2022, had engaged in mortgage fraud, as he invoked a power in the Fed’s founding statute that allowed him to dismiss governors f... 0.500

👤 The author 📋 Website Article 🏷️ General

Simplified: President Trump claimed Lisa Cook engaged in mortgage fraud invoking a power to dismiss governors for cause

1 sources

2 weeks ago
Ms. Cook officially embarked on her legal campaign three days after Mr. Trump announced that he would fire her in a letter posted to social media. 0.500

👤 The author 📋 Website Article 🏷️ General

Simplified: Lisa Cook embarked on her legal campaign three days after Mr Trump announced he would fire her

1 sources

2 weeks ago