Trump Moves to Fire Fed’s Cook, Escalating Central Bank Attack
President Donald Trump is making moves to fire Lisa Cook, a Federal Reserve Governor, amidst allegations from a White House ally that she falsified documents on mortgage applications. This action represents an escalation of Trump's ongoing attack on the US central bank. The President's attempt to remove Cook from her position at the Federal Reserve is seen as a continuation of his efforts to assert control over the independent institution, which has faced criticism from the administration for its monetary policy decisions. The allegations against Cook remain unsubstantiated, and the move is viewed by many as a political maneuver rather than a response to legitimate concerns. The potential dismissal of a Fed governor by the President raises questions about the autonomy and credibility of the central bank, which is intended to operate independently from political influence.
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