Fed governor Cook responds to Trump firing: "I will not resign"
www.axios.com
It is a legally dubious move that further threatens the central bank's political independence.

President Trump fired Federal Reserve governor Lisa Cook on Monday, as the White House attempts to exert more influence over the central bank.Why it matters: It is a legally dubious move that further threatens the central bank’s political independence.

It has never happened before, so no one knows how any wrangling over the legality of firing Cook will play out, nor what it will mean for the Fed in the meantime.

  • onslaught545@lemmy.zip
    74·
    24 hours ago

    Legally dubious? He straight up doesn’t have the authority. Just like a customer who tells you, “you’re fired,” doesn’t have the authority.

    • Fredselfish@lemmy.world
      28·
      23 hours ago

      Yeah well that is true unfortunately in this fuck up time line he gets away with doing a lot of illegal and unconstitutional things. I mean he fired her and promise they will lock her out tomorrow. She will sue but with these fuck up courts he will appeal it to the Supreme Court who will hold that he can fire her. This will be after lower court says "No you can’t " then the fifth circuit will overturn that until it can be heard by the Supreme Court.

      We are now in a full fascist state the rules we are used to no longer apply. He just made flag burning illegal and they already arrested someone for it. And that shit been legal almost as long as I have been alive.

      I don’t know how much we are to continue to take before we rise up and say enough is enough. Motherfucking whole of Congress needs to be removed along with the Trump administration. Fuckers should have been impeached 6 months ago with the amount of laws he broke.

      Fucker is sending the MILITARY into US cities and all we are getting from the Democrats is hand wringing claiming he cant do that as he does just that. And the Republicans in Congress are just giving him the greenlight as well. We are beyond calling these what it is.

      We now live in oligarchy dictatorship. And the more shit he can get away with and receive little to no push back the worse it’s going get. We only been dealing with his second term for 7 months. I don’t think we can make it through the mid terms and stay intact.