The US president assured that he will displace it from the position if he does not present the resignation. Days ago, a government official accused her of falsifying documents to acquire a loan and talked about potential fraud.
The president of the USA, Donald Trump, prepares to fire one of the governors of the Fed, Lisa Cookafter a complaint of alleged fraud Mortgage On Wednesday, the tycoon urged her to resign. Since then, the Federal Reserve He has kept silence.
In a letter to the attorney general, Pam Bondi, the director of the Federal Housing Financing Agency, William Abute, He said Cook “Banking documents falsified and property records for Acquire more favorable loan termspotentially committing Mortgage fraud “.
After knowing the complaint, Trump He stated that Cook “It must give up.” While this Friday, in dialogue with the press, given the consultation on whether he will advance with his dismissal, he did not hesitate to ensure: “Yes, I’m going to say goodbye if she doesn’t give up. What she did is wrong.”
This Thursday, Albte spoke with the Fox Business Network chain and said he believed that “the president has a wide cause to fire Lisa Cook.” The only reason why a member of the Board of Governors of the Fed can be fired is “for judicial cause” or some form of irregularity.
Rebellion in the Fed: Lisa Cook challenges Donald Trump and does not yield to the pressure
On Wednesday, Cook responded to Trump and Pulte In a statement. “I learned of the media that the director of the FHFA, William Ablte, published on social networks that he was making a criminal reference based on a mortgage application four years ago, before I joined the Federal Reserve. I have no intention of being intimidated to give up my position due to some questions raised in a tweet“
Lisa Cook
In addition, he added that he intends to “take any question about my financial history as a member of the Federal Reserve and, therefore, I am collecting the precise information to answer any legitimate question and provide the facts.”
Trump’s advanced and pulte against cook are the last of a White House Long Duration Campaign Against the Federal Reserve and his senior officials in search of lower interest rates.
The dismissal of Cook of the Federal Reserve would open a third seat for a designated by Trump. In the coming months, Trump will nominate a new president of the Federal Reserve, as well as a governor. Both officials would have a permanent vote on the Committee of 12 Federal Reserve Rate members committee. Michelle Bowman and Christopher Waller, those designated by Trump, are already sitting at the Fed Board.
The US Department of Justice will investigate Cook and ask for its dismissal
He US Department of Justice He will investigate Cook. At the same time, a senior official informed the president of the Federal Reserve, Jerome Powellfrom the investigation and urged to dismiss it, Bloomberg News reported Thursday.
A letter to Powell to the official of the Department of Justice, Ed Martin- who directed similar investigations- says that Cook’s case “requires a more detained exam.”
“At this time, I encourage you to dismiss Mrs. Cook of her advice. Do it today before it’s too late! After all, no American believes it is appropriate for her to serve during this time with a cloud on her, “Martin said.
Source: Ambito
