Yellen blasts Trump's 'unlawful' firing of Cook
Related video: Sunrise's Trevor Shirley on Trump's FIRING of Fed. Reserve's Lisa Cook | SUNRISE
Former Federal Reserve Chair and Treasury Secretary Janet Yellen slammed President Trump on Wednesday for moving to fire Fed board of governors member Lisa Cook, calling his actions “unlawful” and “dangerous.”
“US President Donald Trump’s claim that he has ‘fired’ Federal Reserve governor Lisa Cook ‘for cause’ is not only unlawful. It is profoundly dangerous,” she wrote in an opinion piece in the Financial Times.
On Monday evening, Trump posted a letter to his social media account that said he was removing Cook from her position as a board member related to allegations of mortgage fraud first brought forward by Federal Housing Finance Agency Director William Pulte.
Cook has made it clear she is not stepping........
© The Hill
