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Trump’s Self-Styled Nobel Quest: A Peace Prize Fantasy

  Donald Trump’s latest fixation — securing the Nobel Peace Prize — has become a political sideshow that blends self-promotion with geopolitical controversy. While past leaders have quietly welcomed nominations, Trump’s approach has been anything but subtle. He has openly claimed credit for “settling” multiple global conflicts, from Armenia–Azerbaijan to Israel–Iran, despite little independent evidence of lasting peace in those regions. The Norwegian Nobel Committee, which awards the prize, appears far from convinced. Several members have publicly criticized Trump’s attacks on the press, his approach to governance, and what they see as the dismantling of democratic norms. His foreign policy record — from cozying up to authoritarian leaders to undermining NATO allies — further complicates his case. Even his touted role in Middle East diplomacy is overshadowed by his unwavering support for Israeli Prime Minister Benjamin Netanyahu’s hardline policies, which critics argue have dera...
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Trump’s Move to Oust Fed Governor Lisa Cook Sparks Legal and Political Showdown

 

In an unprecedented escalation of tensions between the White House and the U.S. central bank, President Donald Trump announced Monday that he is firing Federal Reserve Governor Lisa Cook, citing allegations of mortgage fraud.

In a letter posted to his Truth Social account, Trump claimed there was “sufficient cause” to remove Cook, accusing her of making false statements on mortgage applications for properties in Michigan and Georgia in 2021. The allegations originated from Federal Housing Finance Agency Director William Pulte, a Trump appointee, who asserted that Cook improperly claimed both homes as her primary residence to secure better loan terms. Cook has not been charged with any crime.

Cook, appointed to the Fed Board by President Joe Biden in 2022 and the first Black woman to serve in the role, swiftly rejected Trump’s authority to remove her. In a statement, she vowed not to resign, calling the move “illegal” and pledging to continue her work to support the U.S. economy.

The firing is expected to trigger a high-stakes legal battle over the limits of presidential power to remove members of the Federal Reserve, an institution designed to operate independently from political influence. Legal experts note that under federal law, Fed governors can only be dismissed “for cause,” a standard that has rarely been tested in court.

Critics, including Democratic lawmakers, have condemned the action as a politically motivated attempt to reshape the Fed’s leadership and pressure it toward more aggressive interest rate cuts. The dispute now heads toward what could be a landmark constitutional fight, with potential implications for the central bank’s independence and the broader U.S. financial system.

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