Lawyers for Federal Reserve Governor Cook say that fraud charges have become Trump's "weapon of choice" for excluding dissenters.
Jinse Finance reported that accusations of fraud against Federal Reserve Governor Lisa Cook by U.S. President Trump have become his "weapon of choice" for removing officials who obstruct his policy agenda, Cook's attorney argued at the first hearing regarding the dismissal lawsuit. On Friday in Washington, attorney Abbe Lowell told the judge that Trump's repeated public criticism of the Federal Reserve's work indicated his intention to replace governors who refused to vote in favor of interest rate cuts. Cook's side pointed out that Trump's motivation suggests his dismissal of Cook lacked legitimate grounds.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Dow Jones Index closed up by 646.26 points, and the S&P 500 Index saw a slight increase.
Animoca Brands to collaborate with Republic to enable equity tokenization on Solana
Solana ecosystem meme coin JELLYJELLY continues to surge, up over 87% in a single day
"Machi" Ethereum long positions partially liquidated again, with a liquidation scale of 1,200 ETH
