26 Aug 2025, 19:08
Trump Attacks Control Over the Federal Reserve, Removing Lisa Cook
- Trump removed Lisa Cook, which triggered a record of non-independence of the Federal Reserve.
- Experts believe this could threaten the financial stability of the USA.
- Cook and her lawyer intend to challenge the dismissal in court.
Donald Trump continues his campaign against the Federal Reserve, having removed Lisa Cook from her position, which has become an unprecedented incident in the history of the central bank. Previously, Trump had repeatedly criticized the head of the Federal Reserve, Jerome Powell, for not sufficiently lowering interest rates.
On Monday, Trump blasted the dismissal of Cook, asserting that she provided false information in her initial documents. She refused to remain in office, considering Trump's actions illegal. Cook and her lawyer intend to challenge this decision in court.
Experts believe that Cook's removal could threaten the independence of the Federal Reserve, which has existed for almost 75 years. This triggers a record of non-independence among investors, who are concerned about the stability of the U.S. financial system.
It is noted that in recent months, Trump has intensified his attacks on the Federal Reserve, seeking to influence the monetary policy of the country. If Trump succeeds in gaining control over the Federal Reserve, it could create an unprecedented precedent for other central banks worldwide.
Tags: USA/Politics/Economy