According to the English section of webangah news Agency,citing Mehr News Agency and Russia Today,U.S. President Donald Trump dismissed Lisa Cook, a member of the Federal Reserve Board.
The reason for her removal has not been disclosed. However, Trump has consistently criticized Federal Reserve officials over their interest rate policies.
on August 12, during a speech, Trump targeted the Fed Chair with criticism and revealed plans to file a lawsuit against him.
The president stated, “The Federal Reserve Chair must lower interest rates immediately.We are considering filing a major lawsuit against him.”
Trump explained that the lawsuit concerns $3 billion spent on constructing the Fed’s headquarters.He accused the chair of harming the economy by delaying decisions.
The president has long sought to leverage his authority to pressure the fed Chair into lowering U.S. interest rates.
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