Federal Reserve Governor Powell to Sue Trump for Firing Him as Early as Today

By: theblockbeats.news|2025/08/27 19:42:17

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BlockBeats News, August 27th, according to CNBC, sources revealed that Federal Reserve Board member Lisa Cook is set to file a lawsuit as early as today (regarding the Trump dismissal).

BlockBeats reported yesterday that U.S. President Trump signed a document removing Federal Reserve Board member Cook from office, effective immediately. In the document, Trump stated: "By the authority vested in me by Article II of the U.S. Constitution and the amended 1913 Federal Reserve Act, I hereby dismiss Cook from the Board of the Federal Reserve System. Given Cook's lack of honesty in financial affairs and potential involvement in criminal activities, I cannot have confidence in your integrity. At the very least, these actions reveal serious negligence in your financial transactions, casting doubt on your ability and credibility as a financial regulator."

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