The Trump administration repeats the need to launch Lisa Cook from the Federal Reserve
The White House continues to pay it to remove a member of the Governor’s Council of the Federal Reserve, Lisa Cook, where he presented a response to the Federal Appeals Court before the deadline for the three evening on Sunday.
The summary, which is raised in the United States Appeal Court of the Capital Department, argues that within the authority of President Trump is to remove Cook for the reason and that the Federal Reserve Governor’s claim that due legal procedures are violated “without merit.”
The deposit doubled the president’s arguments, saying that the removal of Cook is “an estimated issue and cannot be reviewed.”
The court concluded that “the public and the CEO share an interest in ensuring the safety of the federal reserve, and this requires respect for the president’s legal authority to remove conservatives for the reason” when such a case arises. “
On Saturday’s file, Cook’s lawyers arrested, with the dismissal of the Federal Reserve, “which will lead to an immediate end” to a precedent of the central bank’s independence from the executive. They also claimed that Trump removes Cook “will send a significant signal to stability to financial markets that cannot be easily retracted.”
“Central banks such as the Federal Reserve independently for some reason: even a visualization of political influence can destroy the investor’s confidence necessary for economic growth and stability. It cannot be Bill cannot be.
Last month, Trump announced that he was removing Cook from her position to the case, noting allegations that she had committed fraud on the mortgage. The criminal referral on August 15 of the Federal Housing Agency (FHFA) claimed the real estate in Cook in Michigan and Georgia as its main homes in 2021. The second FHFA referral on August 28 claims that Cook represents a third real estate as “her second home”, although described as an investment or real estate rented in other government documents.
Earlier this month, according to what was reported, the Ministry of Justice opened an investigation into Cook regarding accusations. The central bank ruler denied the White House claims and responded to Trump’s move to remove it by filing a lawsuit against the administration.
NBC News said on Friday that Cook announced its residence in Georgia as a “vacation house” in financial records, which contradicts the allegations of fraud in the mortgage of the administration.
The American boycott judge, Jia Cope, prevented Cook temporarily on Tuesday, noting that Cook made a “strong offer” that its removal had violated the “cause” item for the reason. The administration appealed the decision, with the deadline on Sunday, days before the Central Bank meeting started for two days on Tuesday.
At the end of the meeting, Federal Reserve Chairman Jerome Powell will announce whether the central bank will reduce interest rates from the current 4.34 percent mark. The markets expect a quarter of a point to reduce.
Trump criticized the Federal Reserve for not lowering prices for several months, specifically made the president the first theme. After that, he sought to remove Cook, citing the discretionary authority granted to him by the Federal Reserve Act of 1913.
The hill request is a suspension from the legal representatives of Cook.
The Associated Press contributed to this report.
