Nation & World News
Nation & World News

Trump fires Fed governor Lisa Cook, opening new front in fight for control over central bank

President Donald Trump fired Federal Reserve Governor Lisa Cook late Monday, a sharp escalation in his battle to exert greater control over what has long been considered an institution independent from day-to-day politics
FILE - Board of Governors of the Federal Reserve member Lisa Cook, speaks during a conversations with leaders from organizations that include nonprofits, small businesses, manufacturing, supply chain management, the hospitality industry, and the housing and education sectors at the Federal Reserve building, Sept. 23, 2022, in Washington. (AP Photo/Manuel Balce Ceneta, File)

Credit: AP

Credit: AP

FILE - Board of Governors of the Federal Reserve member Lisa Cook, speaks during a conversations with leaders from organizations that include nonprofits, small businesses, manufacturing, supply chain management, the hospitality industry, and the housing and education sectors at the Federal Reserve building, Sept. 23, 2022, in Washington. (AP Photo/Manuel Balce Ceneta, File)
By CHRIS RUGABER – Associated Press
3 hours ago

WASHINGTON (AP) — President Donald Trump fired Federal Reserve Governor Lisa Cook late Monday, a sharp escalation in his battle to exert greater control over what has long been considered an institution independent from day-to-day politics.

Trump said in a letter posted on his Truth Social platform that he is firing Cook because of allegations that she committed mortgage fraud. Bill Pulte, a Trump appointee to the agency that regulates mortgage giants Fannie Mae and Freddie Mac, made the accusations last week.

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In 2022, Georgia Power projected its winter peak electricity demand would grow by about 400 megawatts by 2031. Since then, Georgia has experienced a boom of data centers, which require a large load of electricty to run, and Georgia Power's recent forecast shows peak demand growing by 20 times the 400-megawatt estimate from just three years ago. (Illustration by Philip Robibero/AJC)

Credit: Illustration: Philip Robibero / AJC

DATA SURGE

Data centers need a lot more juice. Georgia consumers fear being squeezed.

Data centers, utilities and regulators in Georgia have pledged that facilities will pay their fair share of the infrastructure costs they incur. Not everyone is so sure.

Dragon Con’s lifetime membership program cost: $250 in 1993, now $4,500

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Georgia HS football rankings: McEachern earns highest ranking since 2019

McEachern debuts in the Class 6A rankings at No. 6 after defeating then-No. 6 North Cobb. Find out who else moved into and out of the Georgia high school football rankings.