Deep Tide TechFlow News, on August 26, according to Jinshi Data reports, U.S. President Trump signed a document relieving Cook of his position on the Federal Reserve Board, effective immediately. Trump stated in the document: "In accordance with Article II of the U.S. Constitution and the amended Federal Reserve Act of 1913, I hereby remove Cook from his position on the Board of Governors of the Federal Reserve System. Given Cook's dishonest behavior in financial matters and potential involvement in criminal activities, I cannot have confidence in your integrity. At the very least, these actions expose serious negligence in your financial transactions, raising questions about your ability and credibility as a financial regulator."