Trump Pushes Central Bank – E24

“I have no intention of being bullied to pull me,” replies Fed board member Lisa Cook.

US President Donald Trump has repeatedly longed for the United States Central Bank (Federal Reserve), and particularly criticized Central Bank Governor Jerome Powell, for interest rates to have no more cut.

Now Trump and his supporters have criticized a new central bank top, Fed board member Lisa Cook.

– Cook has to step down, now !!!, the president wrote on Truth Social on Wednesday.

The statement comes after charges against Cook from Trump supporter Bill Rodte, who heads the public authority Federal Housing Finance Agency (FHFA). Pulde claims that the Fed summit must have broken rules in connection with two mortgage applications, and that this can be a loan fraud.

Rodte urges Justice Minister Pam Bondi to investigate Cook, and has posted the letter he sent to the Ministry on X.

– I have no intention of being bullied to withdraw me from my position because of some questions asked in a tweet, Cook himself replies in a statement sent to multiple media, including including Bloomberg and BBC.

Cook goes on to say that she heard about the charges through the press. She says she questions her own financial history seriously, and that she is now “collecting correct information to answer legitimate questions and present facts”.

– Do it before it’s too late

In a letter from the US Department of Justice on Thursday night, a possible investigation into the Central Bank top is signaled, according to Bloomberg.

The letter has been sent from Ed Martin, who has previously led similar investigations against the Democratic Senator Adam Schiff and New York’s state lawyer Letitia James.

– At this time, I encourage you to remove Ms. Cook from the board. Do it today before it’s too late! No American thinks it is appropriate that she still sits, but a cloud hanging over, Martin writes.

He also writes that the case requires “further investigations”.

Bloomberg writes that Powell is not allowed to deposit Cook, who is a presidential -appointed person confirmed by the Senate. Only the president can remove a Fed governor, and only with “factual reason”.

– Attempts to obtain control

– This is a new attempt from the administration to gain more control over the Fed. They go in so many different levers that they can find to get that control, says Claudia Sahm, chief economist at New Century Advisors, to Bloomberg.

If Lisa Cook was to step down, it opens up for Donald Trump to appoint yet another new central bank top in a short time.

Cook is a member of the Board of Federal Reserve, and thus also helps vote on the interest rates in the United States. The interest committee consists of the board and managers of the regional central banks around the United States.

Recently notified Adriana bullets that she goes off as the Fed top for personal reasons. Trump has appointed Stephen Miranhead of the president’s financial advice, replacing.

Cook has a background as an economics professor, and was appointed Fed Board by former President Joe Biden in 2022. Her central bank period basically lasts until 2038. The loan applications that accuse are about tribes from the summer of 2021, before she was linked to the central bank.

Powell-Harselas

Donald Trump has both criticized the Central Bank and harassed Central Bank Governor Jerome Powell ever since he took over again as president.

Trump wants lower interest rates, but so far this year, the central bank has left the interest rate at the time of 4.25–4.5 per cent.

At the previous interest meeting Admittedly, two of the Fed members voted against the majorityand would rather want interest rate cuts. It is the first time it has happened since 1993.

The president has repeatedly threatened to kick Powell as central bank governor, and then go back to it. He has given the powell nickname “Too Late”, and called him both stupid, stubborn and a fool. Powell’s period as Central Bank Governor expires next year.

Several of Trump’s supporters have also been very critical of the central bank, and which the president demanded lower interest rates. FHFA boss Bill Rodte is one of them.

The renovation of the Federal Reserve Construction In Washington DC, Trump has also used to criticize Powell, due to higher renovation costs than originally planned. According to Press Secretary Karoline Leavitt at the White House has Trump rated lawsuit against powell Because of this.

In addition, Trump recently has Kicked Statistics Manager Erika McAenters In the Bureau of Labor Statistics (BLS), after job numbers came in lower than expected and figures from previous months were sharply revised. She was staying replaced with not Antoni From the conservative think tank The Heritage Foundation.