AP
President Donald Trump said Monday night that he’s firing Federal Reserve Governor Lisa Cook, an unprecedented move that would constitute a sharp escalation in his battle to exert greater control over what has long been considered an institution independent from day-to-day politics.
Trump said in a letter posted on his Truth Social platform that he is removing Cook effective immediately because of allegations that she committed mortgage fraud.
Cook said Monday night that she would not step down. “President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so,” she said in an emailed statement. “I will not resign.” More
Just stop paying her.
Cook:
I read from a knowledgeable source that neither the applicable statute nor case law have anything to say about what is or is not “cause.”
So Cook is lying again.
IT is much easier to prove her mortgage FRAUD that the CRAP they tried to pin on DJT.
Her signatures were on both documents 2 weeks apart as per BBC
If the law says the POTUS can’t fire her, then the Fed clearly has no constitutional basis for existing.
The inception of a Federal Bank (and other ill-considered ideas) goes back to Hamilton and John Adams.
Franklin and Jefferson were opposed to these Federalist power grabs.
Whether there’s “cause” or not, you serve at the will and pleasure of the President. If he tells ya, “it’s time for you to go”, then you’re gone.
I the potus nominates the people on the board of governors. This implies he can also fire them.
If not, then who can?
““President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so,””
Read the constitution you twit. The Chief Executive can relieve you of you duties for just not liking you. The Federal Reserve is independent in that the Executive Branch doesn’t manage it, but it and it’s personell are still part of the Executive Branch and subject to the Chief Executive.
she’s a real-life Milton from Office Space.
All together now, an obvious DEI hire by Dementia Joe. Good thing this Demwit is dumber than a box of rocks. Her well documented grift is “the cause” for her getting the boot from the Trump Administration. Bye, Felicia!
Cynic – Great! She’ll take her red stapler and set fire to the place!