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Trump storms the Federal Reserve! The Supreme Court issues a stern warning, and the global financial market faces a major test
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Trump's interference with the Federal Reserve ignites a new storm, attempting to dismiss the first Black female board member, Lisa Cook, has faced strong questioning from the U.S. Supreme Court. The justices issued a serious warning, resolutely defending the Federal Reserve's century-long independence. This power struggle between the White House and the central bank is affecting Wall Street, the crypto market, and even the global financial nerves!
Trump demands Cook's dismissal on the grounds that she allegedly misreported two properties as her primary residence, fraudulently obtaining mortgage loan benefits. Cook firmly denies the accusations, stating they are merely misinterpretations of documents and discrepancies in forms, and there have been no criminal prosecutions to date. During the Supreme Court hearings, several justices expressed their concerns. Kavanaugh directly stated that allowing Cook's dismissal could "weaken or even dismantle" the Federal Reserve's protective barrier against political pressure, while Chief Justice Roberts also held strong doubts about the Trump administration's position.
Behind the turmoil lies a battle over interest rates, with the Department of Justice launching a criminal investigation into Federal Reserve Chairman Powell. Powell rarely responded publicly, stating that the investigation is merely an "excuse" and fundamentally stems from Trump's dissatisfaction with the Federal Reserve's interest rate policy. He also appeared in court to support Cook. It is important to note that Cook, as a monetary policy maker for the Federal Reserve, was designed to be insulated from political interference, and the ruling on this case will directly affect the direction of U.S. interest rate policy.
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#达沃斯世界经济论坛2026 #Who will be the next Chairman of the Federal Reserve?
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