Trump Pressures US Fed: Calls for Lisa Cook’s Resignation, Criticizes Powell

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Former US President Donald Trump has intensified his criticism of the US central bank, this time directly calling for Federal Reserve Governor Lisa Cook to step down. His remarks come as part of a larger attack on the Federal Reserve’s leadership, particularly Chair Jerome Powell, over the issue of interest rates.

Trump has repeatedly accused Powell of keeping interest rates “too high,” claiming it is harming economic growth and slowing down the recovery. The former president argues that lower rates would boost investment and job creation.

Trump’s direct demand for Lisa Cook’s resignation marks an escalation. Cook, who joined the Federal Reserve Board in 2022, has been a strong voice on economic inclusion and diversity in policymaking. She is also one of the first Black women to serve as a Federal Reserve Governor.

Political Pressure on the Fed

The US Federal Reserve traditionally operates as an independent institution, separate from political influence. Trump’s attacks, however, highlight growing political tension over monetary policy decisions that have global economic implications.

With inflation concerns still present and debates on whether to cut interest rates continuing, the Federal Reserve faces mounting pressure from both political leaders and financial markets. Trump’s latest comments suggest that the central bank may become a heated topic in the run-up to the next US election.