Trump asks Supreme Court to uphold his firing of Federal Reserve Governor Lisa Cook

Washington – On Thursday, President Trump tried to ignite the Supreme Court to ignite the Federal Reserve Governor Lisa Cook to increase or reduce or reduce interest rates from the Independent Board.

“It contains another example of an inappropriate judicial intervention to the president’s lifting authority – where the president’s authority to remove the members of the Federal Reserve Governor’s Board in terms of the case,” he wrote.

This month, the appeal asked the court to give Trump a wide new power on the economy.

The first will be heard in November and decide whether the President impose large import taxes on products coming to this country.

The new case may determine whether he is free to re -re -make the Federal Reserve Board by removing a democratic appointment he says he can violate the law.

Trump’s lawyers argue that the FED governor has no right to challenge the president’s decision to expel him.

“Simply put, the President’s interest rates should not be determined by a governor who seems to have lied to the interest rates that the President’s interest rates paid by the American people should not be determined by a governor who seems to lie to him, and apparently misleading.

In the Federal Reserve Board, Trump dragged him to keep his interest rates high to combat inflation, and Trump threatened him with Jerome Powell, the Chairman of the Fire Board, despite his appointment in 2018.

However, Trump turned his attention to Cook last month and said it was caused by him to fire it.

The Congress planned to give the Federal Reserve Law of 1913 to the Central Bank Board to give some independence from politics and the current president.

Seven members are appointed by the President and approved by the Senate and continued for 14 years unless the lawsuit is sued by the President ”.

The law does not define what it will cause.

President Biden appointed Cook in 2023 and approved the full period.

In August, however, Bill Pulte, the director of Trump’s Federal Housing Finance Agency, claimed that Cook was a mortgage fraud when he received two housing loans in 2021. One, Ann Arbor, Mich. In both cases, he said he signed a credit certificate stating that the property would be the primary residence.

Typically, borrowers get a better interest rate for the primary housing. However, lawyers say that the charges of mortgage fraud is extremely rare if the debtor makes the necessary payments on the loan.

About 30 minutes after publishing Pulte allegations, Trump published on his social media site: “Cook should resign. Now !!!”

Cook did not respond directly to the allegations, but the lawyers, the lending of the Atlanta condemnation of a holiday home, he pointed out that the news reports said.

However, Trump sent a letter to Cook on August 25th. Im I have determined that there is enough reason to get you out of your position, ”he wrote.

Cook filed a lawsuit to object to the decision. The authority argued that the claim would not cause laws and that no hearing was given to object to the charges.

US regional judge Jia Cobb admitted that Biden was an assignment, firing that it was illegal and prevented the abolition of the fire.

The Congress said that he wrote the provision of “why” to punish the “ill -treatment in the office olan, which dated his appointment in advance. He also said that Cook had been rejected as a “legal process” because he had no hearing.

The US Court of Appeal Washington refused to remove his order on Monday with 2-1 votes.

Bradley Garcia and J. Michelle Childs, both of which were appointed biden, said Cook’s “even the minimum process – that is, a meaningful opportunity to notify the claim and to answer it”.

Judge Gregory Katsas, who was appointed as a Trump, opposed. He said that the lifting provision was wider than the abuse in the task. This means that the president can remove a officer for “some” about his “talents, fitness or competence”.

And since a government position is not owned by office owners, it has no right to object to their firing.