The Ruler of the Federal Reserve, Lisa Cook, is suing Trump’s attempt to dismiss her a job
The governor of the Federal Reserve, Lisa Cook, filed a lawsuit claiming that Donald Trump has no power to shoot.
The lawsuit – which Cook filed in a federal court in Washington on Thursday – is determined by the stage to fight a legal battle over the extraordinary US President’s offer to increase control of the central bank. The complaint was not immediately available.
Trump attempted to reject Cook on Monday, announcing that he removes her from her position on the Board of Directors of the Federal Reserve Board, “Informed immediately” because of an uncertain claim that one of his allies had obtained a real estate loan in another house that she described incorrectly as its primary residence.
But Cook stood on its soil, on the pretext that Trump had no “authority” to release it. “I will continue to implement my duties to help the American economy,” she said. Her lawyer indicated that she would file a lawsuit.
For several months, Trump publicly urged the Federal Reserve to reduce interest rates, and to attack the central bank – and its president Jerome Powell – to refuse to do so. Politics makers emphasized the need to wait and see the impact of management policies, such as definitions and deportation, before agreeing to the reduction.
Cook Trump’s exit will allow the benefit of an alternative, helping him to exercise more control of the Federal Reserve Policy. On Tuesday, he suggested that he “will have a majority” in the Governor Council of seven members of seven members “very soon”, adding: “We have to reduce the prices a little.”
The Trump administration has followed many enemies of the political president, including the New York Prosecutor, Lettia James, and California Senate Adam Chef, due to the demands of fraud in the mortgage. James and Chef have denied these allegations.
Cook is not politician, but he is among a series of major politicians who challenged Trump’s continuous calls for price discounts. She became the first black woman to sit on the Board of Directors of the Central Bank when she was appointed in an endless period until 2038.
A respectable economic expert, with Harvard University and Stanford University, worked in the Economic House of Economists during the era of Barack Obama.