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On September 14, President Trump filed a final petition with the US Court of Appeals seeking authorization to dismiss Federal Reserve Board member Cook, citing alleged involvement in mortgage fraud. The submission frames the request as an urgent legal step ahead of forthcoming monetary milestones.
The timing coincides with an imminent Fed interest rate decision, making the procedural development noteworthy for policymakers and market participants. The filing specifies a desire to resolve personnel questions prior to the central bank’s rate announcement, which influences liquidity and yield expectations.
Trump’s filing also states that Cook has yet to offer a decisive rebuttal to the allegations; however, the matter remains subject to judicial review. Market observers and investors will monitor the case for potential implications to governance at the Federal Reserve.
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