Trump just detonated a political bomb.
In an unprecedented move, he fired Lisa Cook, the Federal Reserve Governor, marking the first time in U.S. history that a sitting president has directly targeted an individual in the close circle of the Federal Reserve. His message, signed today, is clear: he claims that Cook falsified mortgage documents, alleging that two separate homes were her "primary residence" within weeks. Trump described this as "fraudulent, and possibly criminal," and announced that her competence is unqualified to lead public finance.
Thus, she was dismissed - an "immediate isolation" sealed with the presidential seal.
But the surprise: this is not just about one official, it concerns the authority. For over a century, the Federal Reserve has operated as an independent stronghold. Trump has just breached this wall. Courts are almost certain to be dragged into the battle, and the struggle for central bank independence has officially become a nuclear war.
Historical. Explosive. Legally uncertain. The Federal Reserve has not only been shocked, but it has also been placed in a decisive confrontation.
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