United States President Donald Trump has said he will fire Federal Reserve Governor Lisa Cook over unproven claims of mortgage fraud, an unprecedented step which could test the boundaries of presidential power over the central bank’s independence.
In a letter posted on social media on Monday, Trump told Cook he has “sufficient cause to remove you from your position”. Trump claims that Cook misleadingly indicated that she intended to live in two homes as her primary residence in 2021.
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News Source: www.aljazeera.com
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