Breaking news! On August 25, local time, Trump publicly announced a letter on the social media platform 'Truth Social', boldly declaring the immediate firing of Federal Reserve Board member Lisa Cook. This decision is like a financial nuclear bomb, instantly igniting public opinion.
In the letter, Trump cited the U.S. Constitution and the Federal Reserve Act of 1913, stating that the criminal referral materials submitted by the Federal Housing Finance Agency indicated that Cook was involved in false statements in mortgage documents and declared two properties as her primary residence. This 'fraudulent and potentially criminal behavior' has caused her to lose credibility as a regulator.
However, Cook is not one to easily 'surrender.' Through her lawyer, she firmly responded that Trump has no legal basis and no authority to remove her from office, and she will continue to fulfill her duty to stabilize the U.S. economy. It is important to note that Cook is the first African American woman to serve on the Federal Reserve Board, with her term set to last until 2038.
This incident immediately caused a stir in the markets! Trump's actions are seen by the outside world as a radical attempt to control the Federal Reserve. If successful, his influence over Federal Reserve policy will greatly increase. However, there are still many legal controversies. If Cook refuses to step down, the White House and the Federal Reserve may find themselves in a protracted legal battle, potentially escalating to the Supreme Court. How this 'power game' in the financial world will ultimately play out is being closely watched globally!
