"President Trump's latest salvo in his long-standing feud with the Federal Reserve may be a harbinger of a more tumultuous economic landscape. The President has been vocal about his dissatisfaction with Fed Chairman Jerome Powell, and now he's taking aim at another high-ranking official, Richard Cook, who serves as the Fed's general counsel. Trump's threat to fire Cook stems from unproven allegations of mortgage fraud, which were previously deemed insufficient to warrant disciplinary action. The move is seen as a brazen attempt to exert control over the Fed, an independent agency tasked with maintaining monetary stability and regulating the US financial system."
Trump is once again threatening to fire Cook over unproven allegations of mortgage fraud after an earlier effort to remove Cook was struck down by the Supreme Court.
