Trump has attempted to remove Lisa Cook from the rate-setting board over allegations made by the head of FHFA. Cook has denied wrongdoing and said she would continue serving on the board.
Source: Inman News
Trump says he has ousted Fed governor, defying precedent
Published in Abbe Lowell, Adam Schiff, Agent, Banking & Lending, Bill Pulte, Borrowing Costs, Brokerage, donald trump, Economic Inflation, elizabeth warren, Federal Housing Finance Agency, federal reserve, Federal Reserve Act, Federal Reserve Board, Federal Reserve governor, georgia, home prices, inflation, interest rates, Jerome Powell, Letitia James, Lisa Cook, loan applications, Markets & Economy, maximum employment, michigan, mortgage fraud, president remove fed governor, Presidential Power, Select, Senate Banking Committee, trump, trump federal reserve and Truth Social
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