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Extracted Claims (29746)

Michael Barr stepped down as vice chair for supervision in January in order to avoid the chance that he would be fired by Mr. Trump and any risks posed to the institution if he fought back. 0.900

👤 Colby Smith and Ben Casselman 📋 News Article 🏷️ Politics

Simplified: Michael Barr stepped down to avoid being fired by Trump.

1 sources

2 weeks ago
Mr. Trump’s nominees to the seven-member board would then enjoy a majority, giving them sway over big decisions related to interest rates, the rules and regulations governing Wall Street and internal... 0.800

👤 Colby Smith and Ben Casselman 📋 News Article 🏷️ Politics , Economics

Simplified: Trump's nominees would have majority sway over Fed decisions.

1 sources

2 weeks ago
Governors have 14-year terms and can be removed by presidents only for “cause,” which has tended to mean malfeasance while in office or a dereliction of duty. 1.000

👤 Colby Smith and Ben Casselman 📋 News Article 🏷️ Politics , Legal

Simplified: Governors have 14-year terms removable by presidents only for cause.

1 sources

2 weeks ago
Earlier this month, Mr. Trump said he would nominate a top economic adviser, Stephen Miran, to a governor seat that was unexpectedly available after Adriana Kugler stepped down five months before her... 0.900

👤 Colby Smith and Ben Casselman 📋 News Article 🏷️ Politics , Economics

Simplified: Trump will nominate Stephen Miran after Adriana Kugler stepped down early.

1 sources

2 weeks ago
She has not been charged with any crime. 1.000

👤 Colby Smith and Ben Casselman 📋 News Article 🏷️ Legal

Simplified: Lisa Cook has not been charged with any crime.

1 sources

2 weeks ago
Ms. Cook’s lawsuit names as a defendant not just Mr. Trump but also Mr. Powell and the Fed’s board of governors. 0.900

👤 Colby Smith and Ben Casselman 📋 News Article 🏷️ Legal , Politics

Simplified: Cook's lawsuit names Trump Powell and Fed's board of governors as defendants.

1 sources

2 weeks ago
Last week, Mr. Trump turned his attention to Ms. Cook after an administration official accused her of mortgage fraud tied to her purchase of two homes in 2021, before she joined the Fed. 0.800

👤 Colby Smith and Ben Casselman 📋 News Article 🏷️ Politics , Legal

Simplified: Trump turned attention to Cook after mortgage fraud accusation related to 2021 home purchase.

1 sources

2 weeks ago
Mr. Trump has made no secret of his desire for lower interest rates, or of his anger at central bank officials for refusing to deliver them. 0.900

👤 Colby Smith and Ben Casselman 📋 News Article 🏷️ Politics , Economics

Simplified: Trump desires lower interest rates and is angry at central bank officials.

1 sources

2 weeks ago
If the court grants the order, it will allow her to continue serving on the Fed’s board while she contests her firing. 0.900

👤 Colby Smith and Ben Casselman 📋 News Article 🏷️ Legal , Politics

Simplified: Granting the order will allow Cook to continue serving on Fed's board.

1 sources

2 weeks ago
On Friday, a federal judge in Washington will hold the first hearing in the case, which will focus on Ms. Cook’s request for a temporary restraining order. 1.000

👤 Colby Smith and Ben Casselman 📋 News Article 🏷️ Legal

Simplified: Federal judge will hold first hearing on Friday regarding Cook's restraining order request.

1 sources

2 weeks ago
President Trump’s decision on Monday to seek her ouster, and her own decision on Thursday to file a lawsuit challenging her attempted dismissal set the stage for a landmark legal battle. 0.900

👤 Colby Smith and Ben Casselman 📋 News Article 🏷️ Politics , Legal

Simplified: Trump's decision to seek Cook's ouster and Cook's lawsuit set stage for legal battle.

1 sources

2 weeks ago
The future of the Fed and whether it will continue to operate as an independent institution or become subject to the whims of the White House rests largely on her shoulders. 0.800

👤 Colby Smith and Ben Casselman 📋 News Article 🏷️ Politics , Economics , Government

Simplified: Future of Fed independence rests largely on Lisa Cook's shoulders.

1 sources

2 weeks ago
Ten days ago, Lisa Cook was one of seven members of the Federal Reserve’s board of governors, playing an important but hardly leading role in the central bank’s debate over the path of interest rates. 0.900

👤 Colby Smith and Ben Casselman 📋 News Article 🏷️ Politics , Economics

Simplified: Ten days ago Lisa Cook was one of seven Federal Reserve board members.

1 sources

2 weeks ago
Lisa Cook was appointed to the Fed’s board of governors in 2022. 1.000

👤 Colby Smith and Ben Casselman 📋 News Article 🏷️ Politics , Economics

Simplified: Lisa Cook was appointed to Fed's board of governors in 2022.

1 sources

2 weeks ago
President Trump’s effort to oust the Federal Reserve governor has kicked off a landmark legal battle, one that will have far-reaching consequences for the institution’s independence. 0.900

👤 Colby Smith and Ben Casselman 📋 News Article 🏷️ Politics , Economics , Government

Simplified: Trump's effort to oust Federal Reserve governor has kicked off landmark legal battle with far-reaching consequences.

1 sources

2 weeks ago
The three officials who were ushered out the door by security on Thursday had coordinated their resignations. 0.500

👤 Sheryl Gay Stolberg, Apoorva Mandavilli, Christina Jewett 📋 Website Article 🏷️ General

Simplified: Three officials coordinated their resignations

1 sources

2 weeks ago
His colleague on the committee, Senator Patty Murray, Democrat of Washington, demanded Mr. Kennedy’s “immediate termination.” 0.500

👤 Sheryl Gay Stolberg, Apoorva Mandavilli, Christina Jewett 📋 Website Article 🏷️ General

Simplified: Patty Murray demanded Kennedy's immediate termination

1 sources

2 weeks ago
Senator Bernie Sanders, the Vermont independent and ranking member of the health panel, said the attempt to fire Dr. Monarez was “outrageous” and called for a hearing. 0.500

👤 Sheryl Gay Stolberg, Apoorva Mandavilli, Christina Jewett 📋 Website Article 🏷️ General

Simplified: Bernie Sanders said the attempt to fire Monarez was outrageous and called for a hearing

1 sources

2 weeks ago
Mr. Cassidy said that said if the meeting proceeds, “any recommendations made should be rejected as lacking legitimacy” given concerns about the panel “and the current turmoil in C.D.C. leadership.” 0.500

👤 Bill Cassidy 📋 Website Article 🏷️ General

Simplified: Cassidy said any recommendations should be rejected if the meeting proceeds

1 sources

2 weeks ago
On Thursday, Mr. Cassidy called for a delay in the upcoming vaccine advisory committee meeting. 0.500

👤 Sheryl Gay Stolberg, Apoorva Mandavilli, Christina Jewett 📋 Website Article 🏷️ General

Simplified: Cassidy called for a delay in the upcoming vaccine advisory committee meeting

1 sources

2 weeks ago