The Federal Reserve responded to Trump's firing of Governor Cook for the first time: it will respect judicial rulings
2025-08-26 20:23:43
According to CCTV news, on the 26th local time, the spokesperson of the Federal Reserve issued a statement on the dismissal of Lisa Cook, a governor of the Federal Reserve by US President Trump. The statement said that Congress passed the Federal Reserve Act to stipulate that the term of office of a governor is fixed for a long time, and the president can only remove him if there is "justifiable reason". The long-term tenure and removal protection of a governor is an important safeguard to ensure that monetary policy decisions are based on data, economic analysis and the long-term interests of the American people. The Federal Reserve will continue to perform its duties entrusted by law. The statement said that Cook has indicated through his lawyer that he will seek a judicial ruling. The Federal Reserve will abide by any court ruling as always. Shortly thereafter, Trump responded that he will also abide by the court ruling.
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