The U.S. political scene has stirred up again. Recently, Trump made a series of remarks regarding the Fed personnel issue, attracting widespread follow.



Trump emphasized that the Fed needs fully transparent and honest talent. Regarding the situation of Fed Governor Lisa Cook, he stated that he is prepared to face potential legal challenges and hinted that there are suitable candidates to replace Cook.

In addition, Trump is considering transferring the Chairman of the White House Council of Economic Advisers, Stephen Milan, to other important positions at the Fed. It is worth noting that Trump had previously nominated Stephen Milan for the position of Fed Governor.

When talking about Fed Chairman Powell, Trump expressed some dissatisfaction, stating that it would be fortunate for Powell to leave the position soon. He also indicated that in the near future, his preferred candidates might hold a majority of seats at the Fed. Trump emphasized that it is imperative to lower interest rates to address the rising housing costs.

However, a recent decision by Trump has sparked huge controversy. He fired Fed governor Lisa Cook on the grounds of alleged mortgage fraud. This action, described by the media as 'unprecedented', immediately provoked a backlash from Cook. Cook insists that Trump has no right to fire her and stated that she will continue to fulfill her duties. Cook's lawyer, Abbe Lowell, has announced that a lawsuit will be filed regarding this matter.

This series of events highlights the tension between the US government and the Fed, raising concerns about the independence of the Fed. As the situation develops further, the direction of US financial policy may be profoundly affected.
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AlgoAlchemistvip
· 4h ago
The Fed has been stirred up by Trump again.
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rekt_but_vibingvip
· 4h ago
The Fed is also going to be kicked out by Chuanzi.
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CountdownToBrokevip
· 5h ago
Donald Trump is losing his temper again.
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WalletWhisperervip
· 5h ago
behavioral patterns suggest a 73.4% chance of market destabilization... classic whale psychology at play tbh
Reply0
FallingLeafvip
· 5h ago
How dare you mess around like this!
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PanicSellervip
· 5h ago
Are we going to start making moves again?
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