Fed Official Sues Over Firing, New Details on Bolton Probe, Newsom's Bizarre Rant: AM Update 8⧸29
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Summary
The Trump administration is facing some high profile employment challenges this week, as two top officials get fired only to then refuse to leave. New reporting exposes the basis of the investigation into John Bolton, undermining accusations that President Trump is weaponizing law enforcement against him. And Gavin Newsom makes a bizarre prediction about President Trump s intentions with the National Guard. All that and more coming up in a moment on your AM Update.
Transcript
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It's Friday, August 29th, 2025, and this is your AM Update.
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To sabotage and undermine the president, that should be enough cause to justify their lawful removal.
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The Trump administration facing some high-profile employment challenges this week
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as two top officials get fired only to then refuse to leave.
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New reporting exposes the basis of the investigation into John Bolton,
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undermining accusations that President Trump is weaponizing law enforcement against him.
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I don't think Donald Trump wants another election.
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And Gavin Newsom makes a bizarre prediction about President Trump's intentions with the National Guard.
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All that and more coming up in just a moment on your AM Update.
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Federal Reserve Board of Governors member Lisa Cook on Thursday officially suing the Trump administration over her firing,
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hiring attorney Abby Lowell, known for his representation of, among others, Hunter Biden, to represent her.
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Cook is battling to retain her 14-year appointment at the Federal Reserve, set to expire in 2038.
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The president on Monday moving to fire Cook over a criminal referral made earlier this month
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by the nation's top housing finance regulator, Bill Pulte, alleging she committed mortgage fraud,
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claiming she listed two separate homes as her primary residence, fraudulently securing more favorable loan rates.
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Cook firing back with a lawsuit against the administration,
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an unsubstantiated allegation about private mortgage applications submitted by Governor Cook
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prior to her Senate confirmation does not constitute cause for termination.
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nor anywhere publicly since the allegation broke,
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Her lawyer is now asking for a D.C. federal judge to declare her firing was unlawful
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and that she can remain an active member of the Board of Governors.
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The first hearing set for 10 a.m. today before a Biden-appointed judge.
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We spoke with Julie Kelly, reporter for Declassified on Substack, about this case.
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She says it is the latest example of D.C. courts bending over backwards
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to rush anti-Trump lawsuits to the front of the line.
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It's pretty amazing to watch how quickly these judges,
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especially in Washington, D.C., are taking up these lawsuits
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and in many cases immediately entering temporary restraining orders
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on behalf of whoever the plaintiff is seeking to be reinstated
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in fact, so much so that an appellate court judge
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mocked even the Supreme Court and his other colleagues
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that whatever these plaintiffs are looking for,
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immediately seeking relief from whatever the president
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You've set aside real legitimate cases, including criminal cases,
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so you could take up the latest lawsuit against the president.
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Cook's lawyers now claim the allegations against her
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that she accidentally mislabeled one of her homes
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as a primary residence on an application four years ago.
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Keep in mind, both applications were made within weeks of one another.
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They argue the real reason for her removal is a policy dispute
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over the Fed's decision to keep interest rates steady
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in defiance of President Trump's many public pleas to lower them.
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As a semi-independent body under the executive branch,
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the president is not technically allowed to fire employees
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A White House spokesperson responding in a statement to the New York Post,
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the president determined there was cause to remove a governor
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who was credibly accused of lying in financial documents
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from a highly sensitive position overseeing financial institutions.
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improves the Federal Reserve Board's accountability
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and credibility for both the markets and American people.
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If you can appoint members to boards like the Federal Reserve,
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then logic follows that they are under the purview
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and then they go willy-nilly and work on their own
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and undermine the president and his administration's agenda,
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that should be enough cause to justify their lawful removal.
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Kelly noting recent cases over similar terminations
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indicate likely success for the Trump administration.
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We already have recent examples of the Supreme Court
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the president's dismissal of Hampton Dellinger,
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who was the Biden-appointed Office of Special Counsel,
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He was fired by the president and personnel director
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This is a position under the direct purview of the president,
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that the Fed is a uniquely structured quasi-private entity
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would do anything to undermine the Fed's independence.
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If the Trump administration is successful in ousting Cook,
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And of course, this will apply to a Democratic president.
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Then we need to address the entire Constitution
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There is no such thing as independent bodies of government
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that have very powerful decision-making authority
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So, yes, this should be part of a complete overhaul
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to the DOJ regarding a third Lisa Cook property.
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Pulte alleging Cook entered into a 15-year mortgage loan
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with higher interest rates than second homes do,
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as investment homes are considered more risky by lenders.
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Cook also allegedly represented an Atlanta property
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in a lower mortgage rate than a rental property would
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and could lead to a lower down payment requirement too.
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All of this would potentially be fraud, if true.
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Another employment standoff this week at the CDC.
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Director Susan Monterey's refusing to step down
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despite HHS Secretary RFKJ's request earlier this week.
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Monterey's attorneys, Mark Zaid and Abby Lowell again,
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to rubber stamp unscientific, reckless directives
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formally notified Monterey's of her termination.
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that she was not aligned with the president's mission
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by either the president or the secretary very soon.