After jerome powell, donald trump: This article explores the topic in depth.
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After jerome powell. In addition, donald trump:
On Wednesday, Donald Trump claimed, via a message in his Truth Social network, the resignation of Lisa Cook, one of the governors of the Federal Reserve (Fed) and member of his monetary policy committee, accentuating the pressure on an institution which he considers too reluctant to support his economic policy.
• Read also: The Fed: eleven candidates to succeed Jerome Powell according to the Treasury Secretary
• Read also: Donald Trump threatens to prosecute the president of the Fed Jerome Powell
The manager of the Housing Financing Agency (FHFA). Similarly, Bill Pulte appointed by Trump, accused M on Wednesdayme COOK to have “falsified bank documents and property registers in order to obtain favorable borrowing conditions” for two real estate loans, reported the specialized agency Bloomberg.
In the process. Similarly, the director of the FHFA asked the Department after jerome powell, donald trump of Justice to open an investigation targeting Lisa Cook, believing that a “fraud to the mortgage is under criminal legislation”, according to the document reproduced by the news agency.
Lisa “Cook must resign now!” wrote the American president, sharing Bloomberg’s article.
Such a resignation would allow Donald Trump to strengthen his control exercised on the Fed by having two seats to be renewed. and thus, he hopes, to see the Central Bank lower its interest rates more quickly in order to support its economic measures, customs duties and lower taxes for the richest in particular.
The 79 -year -old republican relentlessly attacks the president of the Fed. Jerome Powell, according to him “too slow” to lower interest rates, and hopes to replace him with a person closer to his ideas after Mr. Powell’s mandate, next May.
The choice of his successor is a highly strategic appointment. at a time when after jerome powell, donald trump the customs war launched by the American president has made the economic prospects uncertain.
According to the Treasury Secretary Scott Bessent. the US government has eleven candidates for the position, among which he plans to present several names in Trump in early September.
The American president has already taken advantage of the resignation of another Fed official. Adriana Kugler, to appoint one of her close economic advisers, Stephen Miran, before the renewal planned for this position, at the end of January.
The appointment of Stephen Miran. who so far advised the president and defended his economic policy in the media, must still be confirmed by the Senate with a republican majority.
After jerome powell, donald trump
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