Trump Refers Fed Governor for Criminal Inquiry

Introduction

In a new turn of events, President Donald Trump has lodged a criminal referral for Fed Governor Lisa Cook, who is currently serving on the board of the central bank. This action comes as a surprise move by the Trump administration, as Cook has been an outspoken critic of the president's policies and actions.

Key Details

Cook, who was nominated by President Obama, has been a vocal advocate for more diversity on the Fed board and has also been a strong proponent of policies aimed at reducing income inequality. However, her views have not been well-received by the Trump administration, as they clash with their economic agenda.

This is not the first time that Trump has tried to remove Cook from her position. In 2019, he had nominated Judy Shelton, an economist with similar views to his, to replace Cook on the board. However, Shelton's nomination was met with opposition and did not go through.

Impact

If Trump's referral is successful and Cook is removed from the Fed board, it could have significant implications for the central bank's decision-making process and policies. Cook's removal could also send a message to other Fed officials who hold views that do not align with the current administration.

The move has also sparked concerns about the politicization of the Fed, as the central bank is supposed to operate independently from