Trump claimed he would dismiss Federal Reserve Board member Powell. Senator Warren: This is a kind of dictatorial power grab.

President Trump has begun the process of removing Lisa Cook, a board member of the Federal Reserve. Senator Elizabeth Warren questioned the legality of this move in an email statement. "The attempt to unlawfully dismiss Lisa Cook is a president in distress trying to find a scapegoat to cover up the latest evidence of his failure to lower the cost of living for the American people," Warren said. "This is a grab for authoritarian power that blatantly violates the Federal Reserve Act and must be overturned in court."