Lisa Cook, The Federal Reserve Governor fired by Donald Trump, is Going to Court. The American President Announced Cook’s Dismissal On Monday, But According to Cook, Trump does not have the authority to do so.
Trump accuses Cook of MortGage Fraud and wrote on Monday that the Wanted to Fire Her If She did not leave on her own accord. He wrote that he no longer has confidence in Cook’s integrity because of the “potentialy criminal behavior.” The President Has Been Putting Pressure on the Federal Reserve, The American Central Bank, for some time.
Cook Indicated Earlier This Week That She would not accept Her Dismissal. Now she has filed a lawsuit, reports news agency reuters . Trump would not have A Valid Reason to Fire Her.
Accordance to Reuters , there is a good chance that the case will end up in the supreme court, where the majority is conservative. This Supreme Court Has Cautiously Allowed Previous Dismissals of Government Officials by Trump, But There Are Signals That The Federal Reserve has a Slightly exceptional Position.
The Independence of the American Central Bank is Under Pressure, Warned European Central Banker Olli Rehn on Thursday. What happens to the fed can have major consequences for the world economy.