【Federal Reserve·Emergency·Personnel Changes·Federal Reserve Board Member Dismissed】On the evening of the 25th local time in the United States at 20:00 (8:00 a.m. Beijing time on the 26th), U.S. President Trump announced the dismissal of Federal Reserve Board Member Lisa Cook.
Lisa Cook is embroiled in a criminal investigation involving real estate fraud. Previously, Trump had repeatedly called for Cook to resign immediately, but Cook stated that she would not bow to political pressure and would insist on her position on the Federal Reserve Board.
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Today, Trump has signed documents to dismiss Lisa Cook from her position on the Federal Reserve Board, effective immediately. The document includes “Under the powers granted to me by Article II of the U.S. Constitution and the amended Federal Reserve Act of 1913, I hereby remove Cook from her position on the Board of Governors of the Federal Reserve System. Given Cook's dishonest conduct in financial matters and the possibility of criminal activity, I cannot have confidence in your integrity. At the very least, these actions expose serious negligence in your financial transactions, raising questions about your competence and credibility as a financial regulator.”