Proving yet again that he is a #WhiteSupremacist who hates #women…
#Trump establishes committee to “investigate” #FederalReserve's #LisaCook in latest effort to fire her [ #SCOTUS already ruled that he cannot ]
#law #racism #sexism #WhiteSupremacy #misogyny #independence #economy
https://apnews.com/article/cook-federal-reserve-trump-debef61d38fbb6a74e84a57fe8e26fc5?utm_source=app&utm_medium=iOS_share&utm_campaign=more_org_joinmastodon_app_shareactionextension
#Trump opened another chapter in his effort to fire #FederalReserve Gov #LisaCook Friday by establishing a “committee of inquiry” to investigate allegations that she made false statements in mortgage applications [Trump was found by a court of #law to have committed decades of #fraud].
The inquiry will include a “hearing” at the White House Nov 5, Trump said in a memo, that Cook “shall” attend to answer questions. The hearing won’t be public but a transcript will be published, the memo said.
Trump’s extraordinary demand that #LisaCook testify before the “committee” will likely renew concerns about threats to the #FederalReserve’s #independence as #Trump demands the central bank cut its key interest rate. Just last month, the #Fed raised its key rate instead, led by Chairman Kevin Warsh, whom Trump appointed earlier this year.
“As President, it is my job to ensure the laws are faithfully executed, including by firing subordinates who cannot be trusted to tell the #truth & follow the #law,” #Trump wrote [unironically] in the memorandum.
The move follows a #SCOTUS ruling in June that #LisaCook could keep her job after Trump sought to fire her last year. That ruling included a footnote that said nothing prevented Trump from “trying again” as long as she was given proper notice & an opportunity to respond to the charges.
@Nonilex Oh my god, not with the mortgage applications again. It's always hair-splitting something on a mortgage application. Can't he even come up with a new thing to lie about?
@obot50549535 I think the MAGA crowd is grumbling a bit about the economy and interest rates not going as they thought they would, but with their mode of thinking they don't consider the possibility that maybe they were wrong, so they're looking for someone to fight.
The Federal Reserve is a great scapegoat and target since they generally don't know how it works, how any of it works, and they're scraping the bottom of the barrel to find something specific to attack.
They can't come up with something else to lie about to fight because there just really isn't anything.
The MAGA crowd was obviously wrong from the beginning, and this is their best option to pick a fight to avoid facing that.
