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Unprecedented Presidential Power Play: Trump Attempts First-Ever Firing of Fed Governor

"Stocks HAMMERED...Is This a Trump Plan?" What About Gold?
"Stocks HAMMERED...Is This a Trump Plan?" What About Gold?

President Trump attempted to fire Federal Reserve Governor Lisa Cook on Monday night, citing allegations of mortgage fraud. Cook immediately refused to resign, stating Trump lacks legal authority for the dismissal.

The unprecedented move represents a major escalation in Trump’s efforts to control the Fed and push for lower interest rates. Legal experts predict an extensive court battle that could reach the Supreme Court, as no president has ever tried to fire a Fed governor before.

The confrontation threatens the Fed’s political independence, which is crucial for fighting inflation.

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