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Is Trump reliable?
Trump described this move as: unimaginable, questioning his integrity as a financial regulator.
Cook previously responded firmly that he would not resign, emphasizing: absolutely not yielding to political pressure.
She is the first African American woman to serve on the Federal Reserve Board in history, with a term originally set to last until 2038, nominated by Biden in 2022.
After Trump's "firing order" was issued, global financial markets experienced severe turbulence: the US dollar index plummeted 0.4% to 98.10 within 30 minutes, and S&P 500 and Nasdaq futures also dropped;
Safe-haven asset gold surged from $3351 per ounce to $3385, soaring nearly $35 in a single day.
Trump cited Article II of the US Constitution and the Federal Reserve Act of 1913 as the basis for his dismissal, but the legal community generally believes this move is an overreach.
