In a controversial move, U.S. President Donald Trump announced the dismissal of Federal Reserve Governor Lisa Cook, claiming there were violations in her record, which Cook described as an 'illegal decision', asserting that she will continue to perform her duties until the end of her term in 2038, and that the president does not have the authority to remove her.
These developments come after the resignation of Governor Adriana Kugli-R at the beginning of this month 'without explanation', prompting Trump to quickly nominate Stephen Miran as a new member of the Federal Reserve Board.
On the other hand, Trump continues his attack on Federal Reserve Chair Jerome Powell, having called for his dismissal more than ten times, and hinted that a new chair will be chosen 'soon'.
These steps reflect Trump's direction towards tightening his control over the U.S. central bank, which raises widespread controversy about the independence of the Federal Reserve in the upcoming phase.
