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Federal Reserve Governor Powell to Sue Trump for Firing Him as Early as Today
BlockBeats News, August 27th, according to CNBC, sources revealed that Federal Reserve Board member Lisa Cook is set to file a lawsuit as early as today (regarding the Trump dismissal).
BlockBeats reported yesterday that U.S. President Trump signed a document removing Federal Reserve Board member Cook from office, effective immediately. In the document, Trump stated: "By the authority vested in me by Article II of the U.S. Constitution and the amended 1913 Federal Reserve Act, I hereby dismiss Cook from the Board of the Federal Reserve System. Given Cook's lack of honesty in financial affairs and potential involvement in criminal activities, I cannot have confidence in your integrity. At the very least, these actions reveal serious negligence in your financial transactions, casting doubt on your ability and credibility as a financial regulator."
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