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Heat
President Donald Trump announced on Monday evening to Governor Giver Cook, stating allegations that she committed a mortgage processing, marking significant escalation in the fight with central bank, which has so far resisted Trump rates.
Lisa Cook examined the powers to fire and said she would not resign voluntarily.
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Key facts
In a Mail on his toasty social platformTrump shared the official letter of the White House sent to cook to tell her, “You are hereby removed from your position on the Board of Federal Reserve Governor, right in effect.”
In the letter, Trump claims the law of federal reserves allows him to remove governors at its discretion “for cause” and adds that “it has existed that there is enough causes to remove you from your position.”
The President’s letter states cite against The chef raised by the Federal Director of the Finance Finance Finance earlier this month, claiming the processing of the mortgage claiming that the two real estate claimed that her primary residence was rejected by its primary residence.
Trump accuses cooking “light and potentially criminal behavior in financial matter” and it says that therefore there is no confidence in its integrity to stay in the role.
How did Lisa Cook replied?
In a statement being shared with Several VestsCook asked the legality of Trump’s move and said, “President Trump stumbled me when there is no reason, and I will not resign. I will continue to perform my duties in order to continue to perform my duties.
Main critic
In a Mail to KSen. Elizabeth Warren, D-Mass., He wrote: “Trump desperately seeks to cover his own failure for Americans and firing Lisa Cook is his latest energy, and the law is authorized to violate federal reserves that is covered.”
