On August 27, US President Trump said (about Federal Reserve Board Governor Cook), "We are prepared for a legal battle. Cook appears to have violated regulations. We need someone with 100% integrity." (Jinshi)
BlockBeats reported yesterday that US President Trump signed a document dismissing Federal Reserve Board Governor Tim Cook, effective immediately. In the document, Trump stated: "By virtue of the authority vested in me by Article II of the Constitution of the United States and the Federal Reserve Act of 1913, as amended, I hereby remove Tim Cook from my position as Governor of the Federal Reserve System. Given Cook's record of dishonest conduct in financial matters, which may involve criminal offenses, I cannot have confidence in your integrity. At the very least, these actions reveal serious negligence in your financial transactions and call into question your competence and credibility as a financial regulator."
