Core Viewpoint - The legal dispute surrounding the dismissal of Federal Reserve Governor Lisa Cook by President Trump raises significant questions about the authority of the President to remove members of the Federal Reserve Board and the implications for the independence of the Federal Reserve [2][11]. Group 1: Legal Actions and Implications - Lisa Cook's attorney announced plans to file a lawsuit against President Trump, asserting that he lacks the authority to dismiss her without just cause as defined by the Federal Reserve Act [2][5]. - The Federal Reserve Act of 1913 stipulates that the President can only remove a Federal Reserve Board member for "just cause," which has historically been interpreted as serious misconduct [2]. - Cook may seek an injunction to restore her position while the lawsuit is ongoing [3]. Group 2: Background of the Dismissal - The dismissal follows a criminal investigation initiated by the Department of Justice regarding allegations of false statements made by Cook in mortgage applications [4][5]. - Trump cited these allegations in his notification to Cook regarding her dismissal, claiming just cause for the action [5]. Group 3: Political Reactions and Future Implications - Trump's actions are seen as an escalation in his efforts to exert control over the Federal Reserve, potentially impacting monetary policy significantly [11]. - If Trump successfully replaces Cook, he would hold a majority on the seven-member Federal Reserve Board, which could lead to a shift in policy direction favoring interest rate cuts [11]. - Democratic lawmakers have condemned Trump's actions, framing them as an unlawful power grab that undermines the Federal Reserve's independence [12].
美联储理事库克将起诉特朗普的免职决定,降息主张将成美联储多数派
Hua Er Jie Jian Wen·2025-08-26 22:09