A federal judge ruled Tuesday night Fed Governor Lisa Cook can keep his place in the legal battle against the president Trump’s Trying to fire her.
U.S. District Court Judge Jia Cobb Fed Or its chairman Jerome Powellby Mr. trump card Exit her.
“This ruling recognizes and reaffirms the importance of maintaining independence Fed “After the president’s illegal removal of Governor Cook on unconfirmed and vague allegations from illegal political interventions will endanger the stability of our financial system and undermine the rule of law,” said Ms. Cook’s lawyer Abbe Lowell.
gentlemen. trump card When he tries to shape the ruling, he can Fed Like him.
The president fired Ms. Cook on August 25 based on allegations that she might have committed mortgage fraud.
Bill Pulte, a federal housing financing regulator, noted that in 2021, Ms. Cook listed as her primary residence in Michigan and Georgia.
See also: Wholesale prices fell a little in August, suggesting that the possibility of lowering the Fed is more likely
Ms. Cook has not yet fully explained why she has been listed as the primary residence, but argued in the lawsuit that she never intends to cheat and that the allegations are excuses for Mr. Mr. trump card in stock Fed With allies.
Ms. Cook’s removal and replacement and confirmation of the governor to be tried will provide Trump’s majority for the White House Fed The board was looking for lower central bank interest rates.
gentlemen. trump card Saying lower interest rates is necessary, will provide better terms for borrowers and add juice to the economy.
He objected to Mr. Powell It is “too late” to make key decisions.
this Fed Due to slowing hiring, rates are expected to be reduced by at least 25 basis points, or 0.25% at this month’s meeting.
