Donald Trump fired US Federal Bank Governor Lisa Cook over charges of loan fraud in a new escalation of the US president’s attack on the independence of the central bank. In a letter uploaded to Social Truth, Trump writes: “According to the power provided by Article II of the United States Constitution and the law of the Federal Bank of 1913, as amended, you are removed from your position on the Board of Directors of the Federal Bank.” Cook’s departure will allow Trump to appoint a replacement, helping him exercise more control over the Fed policy. Its requirements for lower interest rates have so far fallen into the void. The Trump government has chased several political enemies of the president, including New York City Prosecutor Letita James, and California Senator Adam Sif, on charges of mortgage fraud. Both James and Sif refused […]
Source: News Beast
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
