“Let’s be clear: this is a #racist, #misogynistic, & #unlawful attack on the integrity & #independence of the #FederalReserve. It is a dangerous attempt to politicize & exert control over the #CentralBank — one that will only continue to damage the #economy, harm hardworking Americans, & undermine our credibility on the world stage."

#law #economy#Trump#LisaCook#CBC#AbuseOfPower

He did not address Trump's moves directly but laid out what he described as the "foundations" for #CentralBank credibility.

#Independence was vital so central bankers are able to set interest rates & use tools like quantitative easing, "based on economic considerations in the long-term public interest, free from short-term political interference," the former #Bank of Spain Governor said.

#Trump #law #economy#FederalReserve#LisaCook#AbuseOfPower

'Unlawful attack' on #Fed integrity says Congressional Black Caucus

The Congressional #Black Caucus, a group of dozens of lawmakers in the US #House & #Senate, called Trump's push to fire #LisaCook #unlawful in a post on X on Tuesday:

“In the 111-year history of the #FederalReserve, no president has ever attempted to remove a governor of the #CentralBank until now.“

#law #economy#Trump#AbuseOfPower