Trump: Cook Appears to Have Engaged in Misconduct

ChainCatcher news, according to Jinse Finance, U.S. President Trump (referring to Federal Reserve Governor Cook) stated, "We are ready for a legal battle. Cook appears to have engaged in misconduct. We need people who are 100% honest and upright."

ChainCatcher news, according to reports yesterday, U.S. President Trump signed a document removing Federal Reserve Governor Cook from office, effective immediately. In the document, Trump stated: "Pursuant to Article II of the U.S. Constitution and the authority granted to me by the amended 1913 Federal Reserve Act, I hereby immediately remove Cook from the Board of Governors of the Federal Reserve System. Given Cook's dishonest conduct in financial matters, and possible involvement in criminal offenses, I cannot have confidence in 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."