Trump says he will take action after decision that prevented him from firing Fed director

WASHINGTON, June 29 (Reuters) – United States President Donald Trump said on Monday that his administration will take immediate action to ensure that Federal Reserve Director Lisa Cook does not make decisions regarding the well-being of the United States.

Trump’s comments came after the US central bank, standing firm in defending the much-prized independence of the US central bank in the face of an unprecedented challenge from the Republican president.

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