Forex
Trump's Bid to Oust Fed Governor Fails as Court Blocks Removal
President Donald Trump is attempting to remove Federal Reserve Governor Lisa Cook from her position following a recent Supreme Court ruling. The court had previously blocked Trump's efforts to dismiss Cook in a narrow 5-4 decision, affirming her autonomy as a Federal Reserve governor.
The White House sent a letter to Cook stating that Trump is 'considering' removing her and demanding she address mortgage fraud accusations within three weeks. However, Cook's attorney has publicly rebuffed these claims, describing them as unfounded.