President Donald Trump issued a formal request to the Supreme Court to intervene in the Federal Reserve’s decision to lower interest rates. He stated that he sought to terminate the term of Lisa Cook, the Federal Reserve Governor, due to concerns regarding her leadership and strategic direction. The request was made before the central bank’s meeting, which resulted in a reduction in lending rates. The Court’s role would be to review the legality of the termination and potential implications for the Federal Reserve’s operations.
Credits: NYT > Top Stories