Fox Business' Larry Kudlow: Federal Reserve Chairman Powell “should suspend” board member Lisa Cook
Kudlow: “Why hasn't he suspended her? That would be the classy thing; if you're worried about Fed creditability and independence.”
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From the September 4, 2025, edition of Fox Business' Kudlow
STEPHEN MOORE (HERITAGE FOUNDATION ECONOMIST): I entirely 100% agree with you that Lisa Cook should recuse herself from this next meeting at the Federal Reserve Board. You cannot have someone on the Federal Reserve Board who is — you know, she's not been found guilty, she's innocent until proven guilty — but how in the world when there is this evidence against her, can she possibly — we know that mortgage fraud is what caused the last crisis in our economy. So she should do the right thing, and pull herself off until this is resolved.
LARRY KUDLOW: All right. So why hasn't Jay Powell suspended her, pending the outcome of the investigation?
MOORE: Very good question.
KUDLOW: Why hasn't he suspended her? That would be the classy thing; if you're worried about Fed creditability and independence, OK --
MOORE: Amen.
KUDLOW: And this guy has a terrible record on both of those subjects, he should suspend -- he suspended, actually, Richard Clarita acted much more honorably, and he resigned from the Fed, if you remember, years ago.
MOORE: I do.
KUDLOW: And he was exonerated from any misdeeds.
MOORE: So, I've also discussed it, since we're on this subject, with people like Elizabeth Warren who are just saying, oh, you know, she's the one who made her name on the mortgage fraud, and now she's defending this woman. I just don't understand this logic.