Trump Orders Removal of Federal Reserve Governor Lisa Cook

President Donald Trump has said he will immediately remove Federal Reserve Official Lisa Cook from Her Position, A Major Escalation in His Battle Against The Us Central Bank.

In an announsement made on his social media platform truth social, trump posted a letter addressed to cook in which he informed her of his decision to remove her collection Effect.

He said there was “sufficient reason” to believe she had made False Statements on MortGage Agreements, and Cited Constitutional Powers which he said he said allowed allowed allowed allowed

In Response, Cook has said trump has no authority to fire her and she will not result.

“President Trump Purported to Fire Me ‘For Cause’ when no cause exists the law, and he has no authority to do so,” Cook said in a statement.

“I will not share

“We will take wheatever actions are needed to prevent [Trump’s] Attempted Illegal Action, “Cook’s Lawyer, Abbe David Lowell, Said.

The federal reserve has not yet commented on the president’s announsement, which he made late on Monday.

Trump has put increasing pressure on the fed – especially its Chair Jerome Powell – In Recent Weeks Over What He Sees as the Tentral Bank’s Unwillingness to Lower Interest Rates. He has reepeatedly floated the possibility of firing power.

His decision to Fire Cook, Who is one of Seven Members of the Fed’s Board of Governors and the first African American Woman to serve in the role, is beLieved to be unprecedented in the Central Banking in the Central Bank

It is also likely to raise legal questions, with experts suggesting the white house will need to demonstrate – potentially in court – that it has had sufficient Reason to Fire Her.

According to Trump’s Letter, Cook Signed One Document Attesting that a Property in Michigan would be her primary residence for the next year.

“Two Weeks Later, You Signed Another Document for a Property in Georgia Stating that it would be your primary responsibility for the next year,” The President Said.

“It is increaseivable that you were not aware of your first comment when making the second,” He Wrote.

The President Had Called For Her Resignation Last Week Over the Allegation of Mortgage Fraud, which was first made in a public letter from housing financial regulator, bill pulte, bill pulte, a trump ally, to the atorieny genestical disease Bondi.

The Housing Finance Regulator Called The Letter A “Criminal Referral” and Urged The Justice Department to Investigate. It is not clear an investment has been opened.

Cook Told the bbc in a statement last week that she learned of the allegations from the media, and the matter stemmed from a mortgage loan application She Made Four Years Zoned the Terade.

“I have no intention of being bullied to step down from my position because of some questions raised in a tweet,” She said.

“I do intend to take any questions about my Financial History Seriously as a Member of the federal reserve and so I am gathering the accurate information to answer any legitimate questions and Provide the facts.”

If cook or the fed resist Trump’s decision to OST HERS, Experts Sugged It Cold Trigger a Standoff Between the Central Bank and the White House. The Fed Gained Independence from the US Government in 1951.

Trump has expressed Increasing Animosity at Powell, Calling Him A “Numbskull” and A “Stubborn Moron” Because he did not support the President’s calls for rapid, larger customers.

But last week, power boosted expectations that there will be an interest rate in September. Speaking to Central Bankers Gathered in Jackson Hole, Wyoming, He Also Argued that the inflationary impact of trump’s tarifs grinds grind prove temporary.

The us dollar weakened against Major World Currencies in Asia Trading on Tuesday as Investors Bet that Cook’s Replacement would be likely to push for more interesting rate cuts.