Donald Trump moves to fire Fed governor Lisa Cook | Federal Reserve
Donald Trump said that the Federal Reserve Governor Lisa Cook fired on the allegations that the US President made a mortgage fraud with an extraordinary movement pointing to the latest rise in his attack on the independence of the Central Bank.
Trump wrote to Cook on Monday and said that one of his allies had taken him out of his position as “immediately enforced”, based on the claim that one of his allies were defined as the primary residence.
Cook a few hours later, a statement sent to journalists through a lawyer’s law firm, a lawyer, said that there was no reason to dismiss Trump by Joe Biden in 2022.
He said: “I will continue to fulfill my duties to help the American economy.”
Lowell, Trump’s demands, “any appropriate process, no basic or legal authority,” he adds by adding the following by adding: “We will take all kinds of measures to prevent this legal processing initiative.” He said.
Trump sent Full text of the letter On Monday night on social media. Inside, he said he had found a “sufficient reason” in his claim to take him out of his position.
Cook’s output will allow Trump to move to a replacement and help him perform more control over the FED policy. The demands of lower interest rates have fell into deaf ears so far.
The Trump administration continued many of the President’s political enemies, including New York Chief Public Prosecutor Letitia James and California Senator Adam Schiff. Both James and Schiff rejected allegations.
Cook is not a politician, but a series of senior fed policy -makers who challenge persistent calls for Trump’s ratio deductions. When the FED was appointed to a period that did not end until 2038, the FED was the first black woman to sit on the board of the Central Bank.
Cook, a respected economist at Harvard University and Stanford University, worked at the Council of Economic Advisors under the direction of Barack Obama.
In May, US Supreme Court suggested The president had no power to shoot without the reason for the governors of the US Federal Bank, an independent agency, whose members were an independent agency that did not serve the President’s taste.
The administration’s attack on Cook’s future on the FED was ruled by Bill Pulte, an official appointed by Trump, who leads the US Federal Housing Finance Agency, and claimed that two different properties were primary houses while receiving mortgage in 2021.
“How can this woman be responsible for interest rates if it is claimed to lie to help her own interest rates?” Pulte wrote to X on the old Twitter. He directed the case to the Ministry of Justice for the investigation.
Trump seized the allegations before Cook responded, and on Wednesday, the real Social wrote on his social network, “Now he has to resign”.
Senate Democratic Leader Chuck Schumer criticized Trump’s movement against Cook. “Donald Trump is playing a dangerous game of Jenga with the basic pole of our economy,” he said.
“Trump should be stopped by the courts before the national, state and local economies do permanent damage to the national, states and local economies. And if the economy collapses, families lose their savings and pay the main street price, Donald Trump will have all the ranks of the debris and destruction of families.”
FED President Jerome Powell showed that the Fed was prepared to start to reduce interest rates as soon as possible next month, but Trump repeated warnings on potential risks on the economy on potential risks, including comprehensive tariffs and immigration pressures.
“This year, the economy has faced new challenges. Significantly higher tariffs in our trade partners are doing the global system again, Pow Powell said closely to other central bankers gathered in Wyoming Jackson Hole. “The tight migration policy led to a sudden slowing down in labor growth.”
High -level democratic deputies condemned Trump’s attempt to ignite the cook. Massachusetts Senator and Senate Banking, Housing and Urban Affairs Committee Elizabeth Warren said, “The last example of a desperate president looking for a scapegoat for not lowering costs for Americans,” he said.
“Capturing an authoritarian force that clearly violates the Federal Reserve Law and has to be overthrown in court,” Warren said.
Economists and experts took action and said the results of the attempt to shoot could reach Americans’ pocket books.
Rohit Chopra, the former director of the Consumer Financial Protection Office under the direction of Joe Biden, accused the White House of turning the financial regulators into obedient lapdogs, who made the independent guard dog into obedient lapdogs ”.
“Destruction institutions with illegal behavior and pathetic power captures come to the Americans at costs,” he said Amarnath in the scandaEmployment is a general manager of America and a former Fed economist. “As American governance continues to wear, the dollar continues to weaken. This means higher prices for all commodities.
