Was Biden trying to lay a foundation for reparations appointing Dr. Lisa Cook to a 14 year term to the Federal Reserve Board of Governors, which may be why trump is trying to fire her?

By Brenton A. McClanahan

BMB Empower Network

August 26, 2025

On January 14, 2022, President Joe Biden put forward Cook's nomination for the position of Federal Reserve governor; she received confirmation from the U.S. Senate on May 10, following a 50–50 vote that was decided by a tie-breaking vote from Vice President Kamala Harris, and she officially took office on May 23, 2022. This indicates that not a single Republican supported Dr. Cook, while every Democrat cast their vote in her favor.

On August 25, 2025, Donald Trump declared that he had terminated Cook from her role, citing what he describes as "deceitful and potentially criminal conduct," despite facing 34 felony charges himself. Cook has made it clear that she has no intention of stepping down. Currently, there are no legally valid reasons to support Cook’s removal, as the Federal Reserve Act stipulates that such dismissals must be for cause. Additionally, Federal Housing Finance Agency Director Bill Pulte has alleged that Lisa Cook engaged in mortgage fraud, yet he has provided no evidence to substantiate this claim.

Dr. Lisa D. Cook serves as a Professor of Economics and International Relations at Michigan State University.

She made history as the first Marshall Scholar from Spelman College and went on to obtain a second B.A. in Philosophy, Politics, and Economics from Oxford University.

Her academic journey culminated in a Ph.D. in economics from the University of California, Berkeley, specializing in macroeconomics and international economics.

Before her current role, she was part of the faculty at Harvard University’s Kennedy School of Government, held the position of Deputy Director for Africa Research at the Center for International Development at Harvard, and was a National Fellow at Stanford University.

With all this invaluable knowledge, wisdom, and the legacy of black excellence, there has been a persistent call for black Americans to be granted reparations due to the prolonged economic discrimination and the injustices of slavery. Keep in mind; Biden appointed this woman to a 14 year term as the Federal Reserve’s Board of Governors.

Ummm in September of 2020, Cook said on “EconTalk” podcast​ “Everybody benefited from slavery. Everybody,”​ ​“So, I think that we absolutely need some sort of reckoning with that. There are many proposals on the table to study the possibility of reparations, many economic proposals being put forward, and I think they should all be taken seriously​,” she said. 

Both Cook and Biden showed favor of studying reparations. Biden expressed his support for a House bill aimed at establishing a panel to examine this issue, along with the impact that discriminatory policies have had on generations of former slaves and their descendants.

Cook discussed the House bill last March at the Haas School of Business at the University of California. "One thing I do support is H.R. 40, which would create a commission to study this. I believe that’s exactly what needs to happen," she stated. "It’s challenging to comment on a specific plan because there could be numerous approaches to achieve the types of reparations needed."

In 2022, under the esteemed leadership of the late Honorable Sheila Jackson Lee, the effort to pass H.R. 40 came the closest it ever has, boasting 196 co-sponsors according to my research. However, if I recall correctly, during an appearance on Roland Martin Unfiltered, Rep. Lee mentioned that she had 216 co-sponsors, all of whom were Democrats. Regardless, the bill ultimately did not pass. To successfully pass through the House of Representatives, a total of 218 votes is required.

Let's take a moment to consider the long-term perspective! To begin with, Republicans have been strategizing for decades, focusing on repeal policies that date back 50 to 60 years. Is it possible that President Biden is attempting to follow suit with reparations by appointing the first Black American woman to the Board of Governors of the Federal Reserve System? The Board of Governors, often referred to as the Federal Reserve Board, serves as the primary governing entity of the Federal Reserve System. Its responsibilities include overseeing the Federal Reserve Banks and assisting in the implementation of the United States' monetary policy. President Biden has appointed a highly educated and formidable Black American who is a staunch advocate for justice, reparations, and financial stability for the descendants of slaves. Suddenly, Trump seems eager to remove this woman—interesting, isn't it?

Both of the African Americans appointed was by who else President Joe Biden

The Board of Governors guides the entire Federal Reserve System to fulfill five key functions: 

• Monetary policy: The board, along with the presidents of the 12 regional Federal Reserve Banks, sets national monetary policy through the Federal Open Market Committee (FOMC). The FOMC's decisions affect interest rates and the money supply to promote maximum employment and stable prices.

• Financial stability: It helps maintain the stability of the financial system and works to contain systemic risks.

• Supervision and regulation: It supervises and regulates financial institutions to ensure the safety and soundness of the U.S. banking system.

• Payment and settlement systems: The board oversees the payment and settlement systems to foster safety and efficiency for U.S. dollar transactions.

• Consumer protection: It administers consumer financial protection laws and conducts research on emerging consumer issues. 

At the end of the day with trump back in office, he lied saying he had nothing to do with Project 2025 but so far 47%. With 317 total objective so far 116 projects are done with 63 in progress. This is all apart of the plan to help defund BLACK AMERICA

HOW PROJECT 2025 WILL HARM BLACK COMMUNITIES

The Thurgood Marshall Legal Defense Fund has put together how his evil mess will harm Black Americans.

Weakening anti-discrimination laws and cutting essential worker protections

Project 2025 will eliminate key safeguards that protect Black workers6 and bar federal agencies from collecting racial demographic data, making it harder to enforce anti-discrimination laws and combat racial inequities, especially in the workplace.

Limiting access to quality education for Black students

Project 2025 will exacerbate the education and wealth gap for Black students and workers by dismantling the Department of Education, the agency responsible for ensuring civil rights protections in schools, which will allow discriminatory discipline practices to go unchecked. Project 2025 will expand the ongoing, coordinated attack on truth in schools and libraries, which will further deny our nation’s shameful legacy of racism. It will also make higher education even more inaccessible for Black students by privatizing student loans, and eliminating student loan forgiveness programs and income-based repayment options.

Undermining Black political power

By overhauling the U.S. Census Bureau and criminalizing election-related offenses, Project 2025 will weaken the political influence of Black communities by undercounting them and suppressing the Black vote through threats and intimidation, destabilizing the key foundations of our multiracial democracy.

Promoting punitive criminal legal policies

Project 2025 will likely increase the use of the racially discriminatory death penalty which is infected with racial bias and rife with wrongful convictions that disproportionately impact Black people. Additionally, it will endanger Black communities and roll back efforts to address police misconduct that violates the U.S. Constitution by abolishing federal consent decrees that hold law enforcement accountable for civil rights violations.

Jeopardizing Black families’ access to affordable housing

Project 2025 will transfer control of critical housing programs that expand access to affordable housing, like Section 8, to states—including those with a history of racial discrimination—threatening the housing stability of millions of Black low-income families.

Threatening reproductive rights and the health of Black people

Black pregnant women, who already face disproportionately high maternal mortality rates, will be hit the hardest by Project 2025’s restrictions on reproductive health care, which include proposals to ban federal access to abortion care and criminalize health care providers. Given that forty-two of women seeking abortion care are Black, these proposals will have devastating consequences for their health and autonomy, and the health and autonomy of their families.

Exacerbating health disparities caused by environmental racism

By shutting down the Office of Environmental Justice, Project 2025 will allow the federal government to turn a blind eye to the persistent and increasing environmental racism that is causing severe health disparities in Black communities, leaving Black people even more vulnerable to pollution and hazardous living conditions.