"Cook, the first Black woman to serve on the Federal Reserve Board, responded by saying she has done nothing wrong and Trump cannot fire her."
And:
Sen. Elizabeth Warren of Massachusetts, the top Democrat on the Banking Committee, said in a statement: “The illegal attempt to fire Lisa Cook is the latest example of a desperate President searching for a scapegoat to cover for his own failure to lower costs for Americans. It’s an authoritarian power grab that blatantly violates the Federal Reserve Act, and must be overturned in court.”
bix6•2h ago
JumpCrisscross•1h ago
We may very well have multiple people claiming legal authority to vote at the FOMC.
duxup•57m ago
They allow the cases to continue but it’s almost a joke as everyone still ends up fired or funding cut so it’s effectively green lighting any executive action.