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Trump faces critical legal tests to try to control the Fed

Callum Jones

The chaos of the CDC is far from the president’s only battlefield Todat. later, Donald TrumpThe struggle for control Fed Facing a critical legal test, a central bank governor sought temporary obstacles, and his extraordinary attempt to fire her.

Lisa Cook Prosecuting the U.S. President Thursdayher lawyer described his attempt as “unprecedented and illegal” and charged on “excuses”.

The case is generally expected to eventually Supreme Court. Cook is moving through the court, but is seeking temporary restraining orders to oppose Trump’s attemptsImmediately” fired her from the Fed’s board of directors.

A hearing on the motion is scheduled for Friday in Washington at 10 a.m. The case has been assigned to U.S. District Judge Jia Cobb, Joe Biden.

Trump wrote to Cook on Monday, telling her he evacuated her from her post “effective immediately” based on allegations from one of his ally, who said she received a mortgage on the second home, which she mistakenly described as a primary residence.

The president took months Attack the Fedso far, most policy makers (including Cook) have no call to lower interest rates. He talked about the rapid establishment of a “majority” on the central bank’s board of directors and questioned its long-standing future of political oversight.

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