Federal Reserve Governor Lisa Cook is suing Trump for trying to shoot her

The ruler of the Federal Reserve, Lisa Cook, filed a lawsuit against President Donald Trump for his attempt to shoot her, which led to a possible legal battle with the effects of the independence of the US Central Bank.

Cook asked the court to announce the order to shoot Trump “illegal and invalid”, and he was also named Fed Jerome Powell as his defendant.

Trump said that there is a “sufficient reason” to believe that Cook made false statements on her mortgage, and pointed to constitutional powers he said to allow him to remove her. Cook previously said that “there is no reason under the law” to dismiss it.

The president has increased pressure on the federal reserve, as he sees “the unwillingness to low interest rates.

Cook is part of the Board of Directors responsible for setting interest rates in the United States.

On Thursday, a lawsuit may raise a number of legal challenges that may end in the US Supreme Court.

“This case challenges the unprecedented and illegal President Trump’s attempt to remove the ruler Cook from its position, which, if allowed to happen, is the first of its kind in the history of the board of directors,” Cook’s lawyer, Cook, wrote in the lawsuit.

“It would spoil the Federal Reserve Law … which explicitly requires a” reason “to remove the ruler, which is not implemented by the prosecution over the private mortgage requests submitted by the Governor Cook before the Senate confirmation.”

“He practiced his legal authority to remove Cook,” White House spokesman Cush Disai told the BBC.

He said: “The president decided that there is a reason to remove a ruler accused of credibility of lying in financial documents from a very sensitive position that supervises financial institutions.” “The removal of the ruler of the cause improves the accountability of the Federal Reserve and the credibility of both the American markets and the people.”

The Federal Reserve Law does not grant the president’s authority to remove the Federal Reserve official at the will, but as Trump said, he allows him to do so “for the reason.”

Cook allegations were made for the first time in a public message from the housing financing organizer, Bill Polly, Trump ally. In the letter, Cook was accused of falsifying records for a real estate mortgage.

The letter claims that it signed two documents, two weeks away, testifying that two houses in different states are their main residence. No charges have been brought against Cook and it is not clear whether they are under investigation of these allegations.

Cook suit does not address these allegations.

She previously denied that there is any reason to dismiss her and legal experts showed doubts about Trump’s position.

It is one of the seven members of the Council of Governor at the Federal Reserve, and in this position the 12 -member committee is responsible for setting interest rates in the United States.

Since his return to Washington, Trump has increased pressure on the Federal Reserve – especially Powell – on interest rates.

The American president nominates the role of the role, so the removal of Cook may mean that it can be replaced by a more favorable person to reduce interest rates and on the Economic agenda Trump.

The Federal Reserve decision affects the rate that the Americans can borrow as well as savings prices on their bank accounts. U.S. interest rates are also closely monitored by central banks that have developed monetary policy in other countries.

Cook voted along with Powell and most of the other members of the Committee to maintain American interest rates at the Federal Reserve Bank The last price set of prices At the end of July.