Fed governor Cook to seek court order blocking her firing by Trump
A case that could provide the Trump administration with new and expansive power over the traditionally independent Federal Reserve will get its first court hearing on Friday.
Federal Reserve governor Lisa Cook has requested an emergency injunction to block US President Donald Trump’s attempt to fire her over allegations that she committed mortgage fraud when she purchased a home and condo in 2021 година
Тя беше назначена в борда на Фед от някогашния президент Джо Байдън през 2022 година
Ако стрелбата й бъде позволена да застане, това евентуално няма да унищожи дългогодишната самостоятелност на Фед от ежедневната политика. history.
Economists broadly support Fed independence because it makes it easier for the central bank to take unpopular steps such as raising interest rates to combat inflation.
Ms Cook has asked the court to issue an emergency order that would block Mr Trump’s firing of her and enable her to remain on the seven-member board...
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