Donald Trump’s war against the Federal Reserve seems to have done nothing more than start. His fulminating decision to dismiss the governor of the United States Federal Reserve (FED), Lisa Cook, has caused an instant reaction by the economist.
As his lawyer reported a few days ago, Abbe Lowell, filed a lawsuit against the Republican president, considering that he lacks authority to cease it and qualify the action as “preceding and illegal sin“.
In full tension on the independence of the North American Central Bank, the governor of the Fed He has decided to respond to the letter that Trump published a few days ago taking him with a complaint before the courts.
Now it is justice that will enter into a debate that the Republican leader himself has created and encouraged. He was the first who tried to overreach in his powers, in a total offensive against the financial institution.
Trump announced the dismissal of Cook a few days ago with a letter made public in Truth Social. “Hereby He is dismissed from his position at the Board of Governors of the Federal Reservewith immediate effect, “he said in the brief.
“The conduct in question demonstrates serious negligence in financial transactions that question its competence and reliability as a financial regulator,” said the US leader.
“There are enough reasons to believe that you could have made false statements in one or more mortgage contracts. (…) You signed a document that attests that a property in Michigan would be your main residence during the next year. Two weeks later, He signed another document for a property in Georgia, declaring that it would be his main residence during the following year“He accused.
. His enmity with the president of the institution, Jerome Powell, accusing him in campaigning to cut the types so that people vote in the elections last November to the Democratic candidate, Kamala Harris.
After not having dropped the price of money so far from 2025, the White House tenant has insulted on innumerable occasions- “Imbécil”, “Tardón”, “useless” or “crazy”– To the president of the Federal Reserve, claiming that interest rates. In fact, his pressure on the regulator of North American banks is such that he speaks openly about Powell’s possible substitutes.
