On August 22nd local time,
It was reported that U.S. President Trump, during a visit to a White House theme museum in Washington, stated that he would fire Lisa Cook, a member of the Federal Reserve Board of Governors if she didn’t voluntarily resign. “If she doesn’t resign, I will fire her.”
In response, Cook emphasized that she “has no intention of resigning due to threats” and would not yield to external pressure.
Trump has recently increased pressure on the decision-making level of the Federal Reserve System of the United States. Apart from repeatedly criticizing Powell for his insistence on not lowering interest rates, he posted on social media on the 20th requesting that Fed Governor Cook resign due to issues with her mortgage loans in Michigan and Georgia. However, Cook denied the allegations and reiterated that she would continue to perform her duties. (By Xu Tao)