Summary
- Fed Governor Lisa Cook urged the U.S. Supreme Court to dismiss the request to remove a Fed governor.
- Cook emphasized concerns about damage to the Fed's independence and institutional stability.
- Trump's side argued that removal of a Fed governor is possible under presidential authority.
According to economic breaking news channel Walter Bloomberg on the 18th (local time), Federal Reserve Board (Fed) Governor Lisa Cook urged in a filing submitted to the U.S. Supreme Court that the request seeking to allow President Donald Trump to immediately remove her should be dismissed.
Trump's side argued that the president has the authority to remove a Fed governor, but Cook countered that this could undermine the central bank's independence and institutional stability.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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