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Trump Fires(?) Fed Governor Cook - Fed Independence at Risk?
US President Trump tried to fire Fed Governor Lisa Cook...but she refuses to leave. How are traders reacting to the latest threat to Fed independence? FOREX.com's Global Head of Research Matt Weller breaks down the key news you need to know ahead of the US Open, as well as taking a look at today’s chart of the day, Gold.
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US Pres Trump Removes Fed's Cook From Position, Effective Immediately – TSL pic.twitter.com/iwq563ZY4H TRUMP REFERENCES MORTGAGE-RELATED ACCUSATIONS IN MESSAGE TO FED’S COOK. Trump says he is removing Fed Governor Lisa Cook from her position in a post on his social media account pic.twitter.com/gLo3aYVH4y
President Trump said late Monday he has removed Federal Reserve Governor Lisa Cook from her post, following through on a threat to oust her if she refused to resign. The decision comes after members of his administration alleged Cook engaged in mortgage fraud related to the purchase of two properties earlier this decade. "You are hereby removed from your ...
President Donald Trump on Monday fired Federal Reserve Governor Lisa Cook, according to a letter on his Truth Social, an unprecedented move and a significant escalation of his attacks on the independence of the U.S. central bank. “Pursuant to my authority under Article II of the Constitution of the United States and the Federal Reserve Act of 1913, as ...