ChainCatcher news, according to Jinshi reports, U.S. President Trump (referring to Federal Reserve Board member Cook) stated, 'We are prepared for a legal battle. Cook seems to have engaged in misconduct. We need people who are one hundred percent honest and upright.'
ChainCatcher news, according to yesterday's report, U.S. President Trump signed a document relieving Federal Reserve Board member Cook of his position, effective immediately. In the document, Trump stated: 'By the powers granted to me under Article II of the United States Constitution and the amended Federal Reserve Act of 1913, I hereby remove Cook from his position on the Board of Governors of the Federal Reserve System. Given Cook's dishonest behavior in financial matters and possible criminal conduct, I cannot have confidence in your integrity. At the very least, these actions expose serious negligence in your financial dealings, raising doubts about your capability and credibility as a financial regulator.'