AssetID: 55012790
Headline: UNCAPTIONED: Trump Orders Removal of Federal Reserve Governor Lisa Cook
Caption: Trump Orders Removal of Federal Reserve Governor Lisa Cook. President Donald Trump has ordered the removal of Federal Reserve governor Lisa Cook, a dramatic escalation in his battle with the central bank. Trump announced the move late Monday on Truth Social, alleging Cook made false statements on mortgage documents. He claimed constitutional authority to oust her. Cook, the first Black woman to serve on the Fed's board, has denied the allegations, calling them politically motivated, and has vowed not to resign. Neither Cook nor the Fed has commented, but legal experts say the unprecedented order could spark a constitutional showdown over the Fed's independence. The central bank has been shielded from direct White House interference since 1951. Markets reacted swiftly, with the US dollar slipping in Asia trading as investors bet Trump's eventual nominee could push for deeper interest rate cuts. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current affairs & Politics,Trump orders removal of Fed governor Lisa Cook,central bank clash,Truth Social announcement,mortgage document allegations,claims constitutional authority,Cook denies allegations,politically motivated,vows not to resign,unprecedented order,Fed independence threatened,shielded since 1951,potential constitutional showdown,no Fed comment,markets react,US dollar slips,investors expect dovish nominee,interest rate cuts speculation.
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