President Donald Trump said on Friday, August 22, that he was ready to fire one of the governors of the Federal Reserve (Fed), Lisa Cook, if he did not give up herself, while a relative of the Republican accused him of having falsified documents to obtain a mortgage.
Donald Trump has already called Lisa Cook in recent days, the first African -American woman designated for this position, to resign, accentuating the pressure on the US central bank at the same time.
Fraud to obtain a mortgage loan
Appointed by Joe Biden, Lisa Cook has been under pressure from the White House since Wednesday, after the Housing Financing Agency (FHFA), Bill Ablicte, designated by Donald Trump, accused him of “falsified bank documents and properties records to obtain favorable loan conditions” for two real estate antiques, the Specialized Agency Bloomberg reported.
The director of the FHFA asked the Department of Justice to open an investigation addressed to Lisa Cook, believing that “the mortgage fraud is under criminal legislation,” according to the document reproduced by the news agency. Lisa “Cook must resign now!”, The US president wrote in the process, sharing Bloomberg’s article.
Such resignation would allow Donald Trump to strengthen his control over the Fed to renew two seats and, therefore, expect, see the central bank that reduces his interest rates more quickly to support his economic measures, customs tasks and the lowest taxes for the richest in particular.
Tensions between Donald Trump and the Fed
The 79 -year -old Republican relentlessly attacks the president of the Fed, Jerome Powell, according to him “too slow” to reduce interest rates, and hopes to replace him with a person closer to his ideas after the mandate of Jerome Powell, next May. The election of his successor is a very strategic appointment, at a time when the customs war launched by the US president has made the uncertain economic perspectives.
According to the Secretary of the Treasury, Scott Besent, the United States government has eleven candidates for the position, among which Donald Trump plans to present several names in early September. The US president has already taken advantage of the resignation of another Fed official, Adriana Kugler, to appoint one of his nearby economic advisors, Stephen look, before the renewal planned for this position, at the end of January. Stephen Miran’s appointment, who until now advised the president and defended his economic policy in the media, must be confirmed by the Senate with a republican majority.
Source: BFM TV
