🇺🇸 Breaking U.S. Political & Economic Shake-Up President Donald Trump has ordered the removal of Federal Reserve Governor Lisa Cook, citing allegations of mortgage fraud.
⚖️ Cook’s Response: Lisa Cook has refused to resign, calling the order illegal and beyond presidential authority. She vows to continue her duties.
📊 Why It Matters:
Raises serious concerns over Federal Reserve independence
Legal battle expected – case could reach the Supreme Court
Markets show signs of instability as investors weigh political interference risks
💡 Outlook: This move may reshape the relationship between the White House & Federal Reserve, with potential ripple effects across U.S. Treasuries, the Dollar, and global markets.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#️⃣ # Trump Removes Fed Governor Cook#
🇺🇸 Breaking U.S. Political & Economic Shake-Up
President Donald Trump has ordered the removal of Federal Reserve Governor Lisa Cook, citing allegations of mortgage fraud.
⚖️ Cook’s Response:
Lisa Cook has refused to resign, calling the order illegal and beyond presidential authority. She vows to continue her duties.
📊 Why It Matters:
Raises serious concerns over Federal Reserve independence
Legal battle expected – case could reach the Supreme Court
Markets show signs of instability as investors weigh political interference risks
💡 Outlook:
This move may reshape the relationship between the White House & Federal Reserve, with potential ripple effects across U.S. Treasuries, the Dollar, and global markets.