Bill O’Reilly’s No Spin News and Analysis - O'Reilly Update Morning Edition, August 27, 2025
Episode Date: August 27, 2025Trump's REAL Federal Reserve play. Learn more about your ad choices. Visit megaphone.fm/adchoices...
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good morning
i'm mike slater filling it for bill o'reilly
stand by for the o'Reilly update morning edition
on this wednesday august 27th
the president has called for the resignation
of dr lisa cook
from the federal reserve board of governors
he hasn't called for her resignation
he wrote her letter saying you are removed
from your position why because she is
accused of saying the
Two of her homes were her primary residences, both each were as a primary residence, so she could get a lower mortgage rate on both of those.
She has refused to step down.
Now, here's why this is extra intriguing.
The next chairman of the Federal Reserve, the current chairman, Jerome Powell, his term ends in May.
The next chairman has to be on the board of governors currently.
Now, usually when the Fed chairman's term as chairman is over, they also resign their seat on the board.
There are rumors that Jerome Powell may not do that.
So he'll resign at the end of his term for chairman, but then he'll stay on the board,
which means the president can only choose as his next head of the Federal Reserve from the people
who are currently on the board.
So getting Lisa Cook off the board is essential to negating this play that Jerome Powell is contemplating.
So the president's play is get her off the board so that she won't be on the reserve board anymore.
then Trump can put on the board of governors who he wants to be the next chairman so that
even if Jerome Powell stays on the board, Trump's got his guy already on the board ready to
go.
That's the real play behind what's going on here and why the Trump administration is being so
aggressive and getting rid of Dr. Lisa Cook.
We got more coming up.
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This is Mike Slater from Politics by Faith, Fillin' In For the Grubbillian for the
Bill O'Reilly, more analysis later on today.