Federal reserve | Trump calls for the resignation of a manager

(Washington) Unhappy with monetary policy led by the Federal Reserve (FED). For example, US President Donald Trump wishes to strengthen his control over the institution, notably calling for the resignation of one of its officials, Lisa Cook, in order to be able to replace it with a person closer to his ideas. Therefore,

Even before his return to the White House. Similarly, at the end of January, the 79-year-old republican federal reserve | trump calls regularly attacked the president of the Fed, Jerome Powell, accusing him of too long to lower the rates, which would allow, according to him, to reduce the cost of the American debt. Nevertheless,

But even more so. For example, a drop in rates would allow you to support its economic policy, customs duties and lower taxes for the richest in particular, by increasing access to loan. Therefore,

On Wednesday. Furthermore, the American president attacked another member of the Fed Monetary Policy Committee (FOMC), Lisa Cook, the first African American woman to be appointed to the prestigious position of governor, in 2022 by Joe Biden. In addition,

And for good reason: the president of the Fed is only one voice among the twelve members of the FOMC. Nevertheless, a body which determines the federal reserve | trump calls movements of the rates of the American central bank, to get rid of it could therefore prove to be insufficient to rotate the monetary policy of the institution. Nevertheless,

Everything started from accusations coming from the manager of the Housing Financing Agency (FHFA), Bill Pulte, appointed by Mr. Similarly, Trump, according to whom Mr.^me Cook would have “falsified bank documents. Similarly, property registers in order to obtain favorable borrowing conditions” for two real estate loans, reported the specialized agency Bloomberg.

The director of the FHFA asked in the wake of the justice department to open an investigation targeting Lisa Cook. believing that “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.

federal reserve | trump calls

Federal reserve | trump calls

The presidency of the Fed as a goal

Lisa Cook denied. stressing that the loan had been made before it joined the Fed. “I do not intend to let myself be intimidated. resign from my post,” she assured in a declaration transmitted to AFP.

Such a resignation would allow Donald Trump to strengthen his control over the Fed by having two seats to be renewed. to designate more online economic personalities with his policy.

The American leader relentlessly attacks the president of the institution. 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.

“Could someone say” too slow “Powell federal reserve | trump calls that he damages the construction sector? People no longer have access to real estate loans, everything points to the need for a significant drop in rates. “Too slow” disaster, ”wrote Donald Trump on Tuesday evening on his social social account.

The choice of his successor is a highly strategic appointment. at a time when 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 to Donald Trump in early September.

Among the personalities seen as potential successors of Mr. Powell. the current main adviser to the economy of the American president, Kevin Hasset, or a former member of the Fed, Kevin Warsh, are those federal reserve | trump calls cited most regularly.

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.