Trump asks the Supreme Court to allow him to shoot at the Federal Reserve member Lisa Cook
WASHINGTON – The Trump administration asked the Supreme Court on Thursday to allow the president to fire immediately Lisa Cook, a member of the Federal Reserve.
In the court file, Public Attorney De John Saw said that the judge who prevented the shooting was “inappropriate judicial intervention.”
President Donald Trump explained his intention to reshape the federal reserve despite his independent traditional situation.
Trump summoned a ruling that allows the removal of members of the Federal Reserve Board of Directors “for the reason”, noting allegations of defrauding a mortgage against Cook, who was submitted by a political appointment in Trump, and the director of the Federal Housing Agency, Bill Polly. Cook was not accused of any crime and deny these allegations.
Under the Federal Reserve LawThe only reason that conservatives who feed on the “cause” can be removed, or a kind of errors.
The White House has repeatedly confirmed that Trump “removed Lisa Cook legally for the reason.”
Sauer wrote in the administration’s file to the Supreme Court: “The Federal Reserve plays an important role uniquely in the American economy only increases the interest of the government and the public in ensuring that the member does not continue morally in exercising his extensive powers.”
Among the legal cases in the case whether Cook has the right to go into allegations before removing them from the office.
The minimum courts ruled in favor of Cook, prompting Trump to rush to the Supreme Court with a conservative majority.
Trump is the first president in history to try to launch an official of the Federal Reserve. Cook’s lawyers claimed that if he succeeds, global markets may face instability due to the increase in the independence of what is the most important central bank in the world.
Economists have agreed widely, and they warned that tampering with the long federal reserves could lead to high interest rates.
On Wednesday, the Federal Reserve voted to reduce interest rates for the first time since December. Cook was among the officials who voted to reduce the prices, which the president has long requested.