Trump “kicked” Cook and literally kicked her ass…
PRESIDENT TRUMP FIRED FED GOVERNOR LISA COOK FOR MORTGAGE FRAUD
By law, the President can only remove a Fed official for “good cause,” which is generally understood to mean there must be serious concerns about the official’s ability to continue serving, so the case will likely go to court.
If President Trump is able to remove Governor Lisa Cook, he will appoint four of the seven Fed governors.
The FOMC has a total of 12 voting members, including seven members of the Board of Governors and five regional Federal Reserve Bank presidents. Of which, the President of the Federal Reserve Bank of New York is a permanent member, and the remaining 4 seats rotate annually among the other 11 Presidents of the Federal Reserve Bank.
But looking at this Cook's face, Trump probably doesn't like it, so he gradually cuts off Powell's arms and legs ;))
It is expected that Trump will put people in the FED to influence especially the debates in legalizing many areas of crypto as well as many upcoming projects... I hear the up cheng period is coming, what do you think? Leave a comment to discuss with us!