Trump administration asks supreme court to allow firing of Fed’s Lisa Cook | Trump administration
Trump administration asked the USA The Supreme Court will allow the Federal Reserve Governor Lisa Cook to ignite the Federal Reserve Governor Lisa Cook because it continues its extraordinary attack on the independence of the Central Bank.
In a file on Thursday, Donald Trump’s officials demanded an urgent order to remove Cook from the Fed’s Board of Directors after refusing to go with the efforts of a appeal court to overthrow him.
The demand prepares the ground for a historical presidential power test. While Trump continued to control the Fed, which has been operating without political intervention for decades, tried to shoot the cook – referring to the allegations of unapproved mortgage fraud.
However, Cook lawyers, who refused to do wrong, argued that the US president was not authorized to expel him.
The management could not dismiss Cook for the last FED policy meeting of this week, where the Central Bank decided to reduce interest rates by 25 basis points.
However, the White House successfully founded Stephen Miran, a high -level White House economic official as a governor for the meeting. He opposed the rest of the committee and voted for a deeper ratio reduction.
Trump quickly explained his plans to build “majority ındaki on his board, and did not secretly the secret of his plans to influence the Fed, which called on the future of his long -standing independence.
He was broken over and over with his premises to demand interest rates, and when they recited these calls many times, he attacked senior -fed officials, including his chair Jerome Powell.
Regarding the economic signs, including data showing that the labor market has stopped and inflation increased, it enabled most of the officials on the FED to print carefully.
The administration played these official reports – and fired one of the authorities who responded to supervise them. The proposed change of Trump is a fiery supporter of his agenda, which is accused of wrong representing and exaggerating statistics.
Before the Fed Policy Meeting of this week, Trump reiterated his call for lower rates. Powll now reduces interest rates and must be greater than in mind ”, the US President wrote on the real social platform.
