[ad_1]
Washington – An appeal court ruled on Monday that Lisa Cook could remain a Federal Reserve Governor, reiterating President Donald Trump’s attempts to step forward by a significant vote on interest rates.
The Trump administration hopes that the final trench is expected to turn to the Supreme Court to ignore Cook before the Fed. And the Cook’s trial should still be made through the courts to demand a permanent blocking of his firing.
To ignore Cook, the White House campaign made an unprecedented bid to reopen the seven-member governing board of the Fed, designed to be largely independent of day-to-day politics. No president has removed a sitting Fed Governor in the 112 -year history of the agency. The interest rate of the Fed comes to the ruling committee just before the two-day meeting starts on Tuesday. The Senate Republican has confirmed Trump’s nominated Stephen Miran in an open place in the Fede board.
Trump demanded a firing firing on 25 August, but a federal judge ruled last week that the expulsion was illegal and restored it to the Fed board. Trump appointment bill Paltte has accused Cook of hostage fraud as she appeared in July 2021 to claim two properties as “primary residence”, before she joined the board. Such claims can reduce a lower mortgage rate and small payment, if one of them was declared as a rental property or another home. Cook has denied the allegations.
The case threatens to destroy Fed’s prolonged political freedom. Economists prefer independent central banks as they can do unpopular things like lifting interest rates to combat inflation compared to elected officials.
This article was generated from an automated news agency feed without amending the text.
[ad_2]
