Ex-FBI special agent slams attacks on ICE agents: 'It's completely disgusting and reprehensible'
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Yahoo
15 minutes ago
- Yahoo
Trump calls on Federal Reserve governor Lisa Cook to resign, renewing attack on central bank
Donald Trump has called on a Federal Reserve governor to immediately resign, renewing his extraordinary attack on the central bank's independence as officials mull next steps on interest rates. A close Trump ally accused Lisa Cook, an appointee of Joe Biden, of 'potentially committing mortgage fraud' and urged the US Department of Justice to investigate. The claims have not been confirmed. The US president has repeatedly broken with precedent in recent months to demand the Fed cut rates and urge its chair, Jerome Powell, to quit after disregarding such calls. On Wednesday, Trump leaped on the allegations about Cook. The governor 'must resign, now!!!' he wrote on Truth Social, his social media platform. Cook and the Fed did not respond to requests for comment. Cook, whose current term on the Fed's board extends until 2038, previously served on the council of economic advisers under Barack Obama. When she took office in May 2022, she became the first Black woman to sit on the central bank's board. This morning, Bill Pulte, head of the US Federal Housing Finance Agency, who has become – beyond the president himself – one of the Trump administration's most vocal critics of Powell and the Fed, published allegations against Cook. In June 2021, Cook entered into a 15-year mortgage agreement on a property in Ann Arbor, Michigan, and declared her intention to use it as her principal residence, according to Pulte. In July 2021, Cook bought a property in Atlanta, Georgia, and also committed to use that property as her primary residence when taking out a 30-year mortgage, according to Pulte. Pulte referred Cook to the justice department for a criminal investigation, and promptly called on her to resign. 'How can this woman be in charge of interest rates if she is allegedly lying to help her own interest rates?' he wrote on X, formerly Twitter. Cook, who has not commented on the allegations, is the latest figure to be targeted by Trump officials over claims of mortgage fraud. Pulte has made similar allegations about the New York attorney general, Letitia James, and the California senator Adam Schiff, both Democrats. The justice department is reportedly investigating. James has dismissed the claims as 'baseless'. Schiff has vehemently denied the allegations, and accused the administration of weaponizing the US justice system. As Trump and his officials continue to pressure the Fed to cut rates, new minutes from the central bank's latest meeting underlined how most policymakers plan to scrutinize data over the coming weeks to gauge the economic impact of the administration's policies. While Fed policymakers again opted to leave its benchmark interest rate unchanged in July, two of its governors opposed the decision – the first time that multiple governors have voted against the majority since 1993. Fed officials 'assessed that the effects of higher tariffs had become more apparent in the prices of some goods but that their overall effects on economic activity and inflation remained to be seen,' the minutes said. 'They also noted that it would take time to have more clarity on the magnitude and persistence of higher tariffs' effects on inflation.' After the meeting, official employment data showed that jobs growth stalled this summer – prompting Trump to fire the federal government official in charge of labor statistics – as inflation continued to rise. The two governors who called for rate cuts, Christopher Waller and Michelle Bowman, were each appointed by Trump during his first term. Both have been floated as potential replacements for Powell, whose term as chair will end next May. Powell is due to deliver a highly-anticipated speech at the annual Jackson Hole Economic Policy Symposium in Wyoming on Friday, which will be closely scrutinized for signs of where the Fed plans to take rates over the coming months.
Yahoo
15 minutes ago
- Yahoo
Judge denies DOJ's request to unseal Epstein records from criminal case
A federal judge in New York has denied the Department of Justice's request to unseal grand jury material from Jeffrey Epstein's criminal case. The Trump administration has been seeking to release materials related to the investigation into Epstein, the wealthy financier and convicted sex offender who died by suicide in jail in 2019. This is a developing story. Check back for updates.
CNN
18 minutes ago
- CNN
Parents of girls lost in Texas camp flooding say ‘common sense' safety measures were absent as lawmakers consider legislation
Michael McCown sent his 8-year-old daughter Linnie to a summer camp in central Texas trusting she would be safe. But that trust was tragically broken when Linnie and at least 26 other campers and counselors were killed after a catastrophic flood swept through Camp Mystic on July 4. On Wednesday, McCown and several other parents sat before a Texas state Senate committee and called for stronger safety standards at youth camps in Texas. 'We did not send Linnie to a war zone; we sent her to camp,' said McGown, who remembered his daughter for her gentle, playful manner. 'No parent should ever go through what we are living through now.' Parents of several children who were at Camp Mystic, a nearly century-old camp for girls which largely sits in a flood-prone area, testified at the Texas Capitol on Senate Bill1, which aims to improve safety for youth camps across the state. It was the first time many of the parents spoke publicly about the death of their children and the lack of sufficient safety measures to prevent their deaths. Among the bill's provisions are a requirement for camps to have emergency rooftop ladders in every cabin in the floodplain and flash flood evacuation plans. It also seeks to create a line of succession for local officials in the event they are absent when disaster strikes and to streamline how the justice of peace reports deaths. 'I told her camp was the safest place she could be and she would make new friends and learn new things. I lied to her. She not only wasn't safe, she died,' said Carrie Hanna, mother of 8-year-old Hadley Hanna. CNN has reached out to Camp Mystic for comment. At the hearing, parents shared stories of their children and their grief, and expressed support for the bill with many of them saying it would prevent future camp families from their children dying in a flood. Cece Williams Steward, whose 8-year-old daughter Cile has not been found since the flood, said she has 'unwavering support' for Senate Bill 1. 'I was assured that her safety and the safety of all the young girls was paramount. … That assurance was betrayed. Obvious common sense safety measures were absent. Protocols that should have been in place were ignored,' the mother said. Steward, who said three generations of women in her family had attended Camp Mystic and this was Cile's first year going, said summer camps in the state must be properly equipped and held accountable to protect children in the future. 'She was stolen from her family, from her future, from the world she lit up with her independence and spunk,' she said.
