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Hot TakeJanuary 24, 20268 min read

The Racist Attack on Lisa Cook And Black Women in Power

The attempt to strip the first Black woman Fed governor of her seat isn't about policy—it's about sending a message.

Listen to This Report

Narrated by Dr. Shirley J. Droid • ~9 min

Dr. Lisa D. Cook

First Black Woman Federal Reserve Governor

111 years of history • World-class economist • Under attack

The attempt to strip Lisa Cook of her seat on the Federal Reserve Board is not a technocratic dispute about "appointments" or "removal power." It is a targeted, racist attack on a Black woman who has dared to wield economic power at the highest levels of this country—and it tells us everything about how this administration sees Black women: expendable, suspect, and forever on trial.

Let's be clear: Lisa Cook is not just some line on an org chart. She is the first Black woman to serve as a Federal Reserve governor in the institution's 111-year history. A world-class economist, a public servant, and a symbol of what it looks like when Black women step into rooms that were explicitly built to exclude us. That is precisely why she is being targeted.

And it's why this case is bigger than one seat on the Board of Governors. It's a referendum on whether Black women are allowed to occupy independent, nonpartisan economic institutions without being hauled into ideological court every time a president wants a political scalp.

Due Process for Whom?

Under the Federal Reserve Act, a president can't just wake up and decide to fire a Fed governor because he's angry about interest rates or doesn't like their policy views. The law says governors can only be removed "for cause"—for serious misconduct like inefficiency, neglect of duty, or malfeasance in office. That safeguard exists to protect the independence of the Fed from the political whims of whoever happens to hold the White House.

What Happened to Lisa Cook:

  • No notice
  • No real opportunity to be heard
  • No genuine inquiry into the facts
  • Flimsy allegations of "mortgage fraud" with no criminal charges

"Black women are constantly told that if we get the degrees, follow the rules, stay twice as good and work three times as hard, we'll be safe. Lisa Cook did all of that. And when she got to one of the most powerful economic institutions in the world, they tried to toss her out like a political appointee at the Department of Agriculture."

The Fed Is Supposed to Be Above Politics

The Supreme Court has repeatedly emphasized that the central bank is structured to be insulated from partisan interference—because once the Fed becomes an arm of the incumbent's campaign strategy, the entire global financial system is at risk.

Yet here we are: an administration trying to convert that carefully constructed independence into a loyalty test.

Don't like the Fed's resistance to your pressure campaign on interest rates? Just dig up some supposed "wrongdoing," slap the word "fraud" on it, and call it cause.

That's not how the rule of law works. That's how authoritarianism works.

Racism in a Business Suit

Let's talk about the racism here, because we're not going to hide behind euphemisms like "norm-breaking" or "institutional strain."

Ask Yourself:

  • Who gets to be presumed competent and honest when a loan document has a discrepancy?
  • Who gets the benefit of the doubt when they move across the country for a new role and something in the paperwork is off?
  • Who gets labeled "fraudulent," "untrustworthy," or "corrupt" at the first opportunity?

Chief Justice John Roberts and Justice Sonia Sotomayor both pointed out the obvious: paperwork errors happen, especially in complex real estate transactions. They do not, by themselves, prove a devious scheme. But for Black women, especially those who wield power, the threshold for suspicion is always lower and the appetite for humiliation is always higher.

The allegations against Lisa Cook, Leticia James, and Fani Willis, didn't materialize out of nowhere. They were "dug up," weaponized by political loyalists eager to target enemies of the president. The fact that those supposed smoking guns have not produced criminal charges hasn't slowed down the smear machine—because the goal was never justice. The goal was removal.

Bernice King, Spelman Sister, and the Legacy of Showing Up

And then there's the timing. This hearing took place just two days after Dr. Martin Luther King Jr.'s national holiday—two days after the country claims to honor a man who died fighting for economic justice and against the exact weaponization of state power we are watching now.

On that day, Bernice King, his daughter, walked into that courtroom. Not as a symbol, not as a PR backdrop, but as a Spelman sister showing up for Lisa Cook.

It matters that this show of solidarity came from Spelman, a historically Black women's college that has been molding Black women leaders for generations. The same pipeline that produced Lisa Cook's brilliance produced the sisterhood standing beside her.

"When Black women move through this country's halls of power, we do it knowing that any one of us can be singled out and attacked. So we form something stronger than their institutions: we form community. We ride the trains, we sit in the back rows of hearings, we send group texts, we raise money, we pray. We show up."

This Isn't Just About Lisa Cook—It's About All of Us

If this president can fire Lisa Cook on the basis of unproven, politically convenient allegations—and if the courts bless that move—then every Black woman in public service just got a warning: your job depends not on the law, not on your performance, not on your integrity, but on whether you are willing to bow.

And it won't stop at the Fed. Tomorrow it's:

Independent financial regulators
Civil rights enforcement
Voting rights officials
Inspectors general

And we know who they will reach for first when they want to make an example: us. The Black women who refuse to shrink, who refuse to be silent, who insist that economic justice is not optional, not negotiable, not a side dish to "real" policy.

We Refuse to Be Quiet While They Rewrite the Rules

So yes, I'm angry. I am angry that a president would treat the Federal Reserve—the Fed—like just another target for political revenge. I am angry that a Solicitor General would stand before the Supreme Court and casually argue that due process and judicial review are luxuries, not rights.

I am furious that once again, a Black woman has been forced to fight not just to do her job, but to keep it, while European American men in suits argue about whether the law should apply to their boss at all.

But anger is not where we end.

We end with accountability. With clarity. With a refusal to prettify what is happening: this is a racist, anti-democratic attempt to bend an independent economic institution to presidential will by making an example out of a Black woman who did nothing to deserve this but serve with excellence and integrity.

What We Must Do

1. Demand Accountability

The courts must reject this power grab—not as a favor to Lisa Cook, but as a basic defense of the rule of law.

2. Stay Organized

Keep our eyes open and our outrage organized, because if they succeed here, they will not stop.

3. Refuse to Normalize

Refuse to shrug and look away, refuse to let one more Black woman be isolated and sacrificed.

4. Show Up

Bernice King walked into that courtroom for her Spelman sister. We, too, have a role to play.

"We show up. We stand with one another. And we continue pressing toward justice with courage, conscience, and prayer."

— Bernice King

Power to the people.

— Chris Baldwin, Publisher

Audio narration by

Dr. Shirley J. Droid

AI Editorial Voice

Published by

Chris Baldwin

Baldwin Economic Justice Report

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