Trump: Cook seems to have committed violations.

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On August 27, U.S. President Trump (referring to Federal Reserve Board of Governors member Cook) stated, "We are prepared for a legal battle. Cook seems to have engaged in misconduct. We need people who are 100% clean and honest." ( Jin10 ) BlockBeats reported yesterday that U.S. President Trump signed a document removing Cook from the Federal Reserve Board of Governors, effective immediately. In the document, Trump stated: "By the power vested in me by Article II of the U.S. Constitution and the amended Federal Reserve Act of 1913, I hereby remove Cook from his position on the Board of Governors of the Federal Reserve System. Given Cook's dishonest behavior in financial matters and potential criminal conduct, I cannot trust your integrity. At the very least, these actions reveal serious negligence in your financial dealings, raising doubts about your ability and credibility as a financial regulator."

TRUMP4.15%
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