The ruler of the Federal Reserve, Lisa Cook, is suing the Trump administration to prevent attempt to launch it

The US Federal Reserve Governor Lisa Cook filed a lawsuit against the Trump administration in an attempt to cancel the president’s attempt to shoot it, and to launch an unprecedented legal battle that could reshape the federal reserve independence for a long time.

No president was seeking to expel the governor of the Federal Reserve in the history of the 112 -year institution until Donald Trump published a speech on the social media platform in fact late on Monday, saying that Cook had been separated. Trump said the reason for removing it was allegations that she had committed the mortgage fraud in 2021, before her appointment to the Board of Directors.

The United States Supreme Court indicated that the president cannot shoot officials in politics, but he can do so “for the reason”, and usually means misconduct or neglecting duty. Most legal experts say that removal “for the reason” requires a kind of operations that allow Cook to respond to the fees, which did not happen. Cook was not accused of any crime.

The president’s decision comes as it has repeatedly attacked the President of the Federal Reserve, Jerome Powell and other members of the Federal Reserve Bank, to not reduce the short -term interest rate that they control more quickly. It is currently 4.3 percent, after the FBI policymakers reduced it at a full percentage of last year. Powell indicated last week that the central bank was inclined to reduce its average at its next meeting from 16 to 17 September.

These attacks have opened the White House for criticism that shooting on cooking on the alleged mortgage is just an excuse to open another seat on the blackboard for the owner of Trump. Trump said that only people at the Federal Reserve who will support fewer rates will be appointed.