This is his first speech in weeks. One of the governors of the United States central bank (Fed), Lisa Cook, stated on Monday that she expects inflation to “remain high” in 2026, in her first public intervention since Donald Trump tried to revoke it.
“In my opinion, inflation should return to our 2% target once the effects of the customs duties (imposed by the American executive) are behind us,” he plans to add.
This is her first public intervention since US President Donald Trump decided to remove her from office.
Since the end of August, Donald Trump accuses the governor of having lied to banks when applying for personal real estate loans, presenting two homes as his primary residence.
Lisa Cook, the first black woman governor of the US central bank, appointed during the term of Democrat Joe Biden, immediately took the matter to court to remain in office. What followed was a race against time, in which the US executive tried to prevent him from participating in the monetary policy meeting held in mid-September.
Several court decisions were favorable to Lisa Cook, each time challenged on appeal by the American president, until the case reached the Supreme Court.
The country’s highest judicial body, whose conservative majority Donald Trump consolidated during his first term, did not authorize the head of state to dismiss Lisa Cook without delay. The Court announced in early October that it would not rule until next January, offering the governor some respite.
The matter raises the question of the limits of presidential power with respect to an institution that is supposed to set interest rates free of political interference and alternations.
Last week, the Federal Reserve lowered its key rates for the second time in a row.
The decision was not unanimous among officials, and Chairman Jerome Powell warned investors, in an unusually blunt manner, that further easing was “far away” from being achieved at the next meeting in December.
Source: BFM TV
