Trump Plans for a New Fed Governor as Lisa Cook Prepares to Sue Administration
TL/DR –
Donald Trump has indicated he has a replacement in mind for Federal Reserve governor Lisa Cook, whom he is attempting to remove from her position. Cook plans to sue the administration over her dismissal, labeling it as “illegal”. Trump is considering economic adviser Stephen Miran to serve the remainder of Cook’s term, which does not expire until 2038.
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US President Donald Trump hints at a possible replacement for embattled Federal Reserve governor Lisa Cook. Trump remarks “We have potential candidates in mind. I personally already favor someone.” during a cabinet meeting on Tuesday.
As Trump plans to replace Cook, she warns to sue the administration for her removal. As reported by The Wall Street Journal, Stephen Miran, Trump’s economic adviser, is considered for Cook’s role, which lasts until 2038. Previously, Trump proposed Miran for another Fed board member’s position.
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