The Big Money Show Panel discussed the decision to fire Federal Reserve Board Governor Lisa Cook on the decision of President Donald Trump on the decision of the hostage fraud.
National Economic Council Director Kevin Haset said on Sunday that Federal Reserve The decisions of monetary policy should not be subject to political influence amid calls from Trump administration to cut interest rates for the central bank of Trump administration.
Haset appeared on CBS News “Face the nation,“Where host Margaret Brainon cited a CBS pole, found that 70% of the Americans want Fed to take a decision of President Donald Trump independently, although 59% Republican wants the Fed to direct what the Fed wants to Trump.
“Oh, if I were in that survey, I would say 100% that monetary policy, Federal Reserve Monetary Policy, need to be completely independent from political influence,” Haset said.
Also included from ” President Trump“He added in response to a follow -up question by Brainon.
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Kevin Haset, director of the National Economic Council of the White House, said that he supports Federal Reserve freedom amid cuts in the rate of Trump Admin. (Andrew Harnik / Getty Images)
“The fact is that we have seen countries that have allowed leaders to handle central banks, and whatever happens is that it is one Recipe for inflation And sorrow for consumers, “He said.” And so the central bank is something freedom – as you saw, there was a hearing about this week, that everyone agreed to the Democrats and Republican and the White House. ,
“Now, the question is whether the current Central Bank is as independent as we want, the more transparent we want? And I think there is some controversy about it,” Haset said.
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President Donald Trump criticized the handling of the renewal of a multibilian-dollar of the headquarters of Fed’s chair Geom Powell’s Fed. (Kent Nishimura / Reuters)
Haset’s comments come as President Trump and their colleagues are pressurizing the Fed to cut interest rates, which will argue the administration that will stimulate economic growth, while potentially reducing the cost of serving America. $ 37 trillion national loan,
The President has repeatedly threatened to fire the fed chair Zerome polyWhich he appointed for the role in 2017, although he has supported those threats with Powell’s tenure as the chairman ending in May 2026.
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Fed Chair Jerome Powell and Fed Governor Lisa Cook have faced calls to his removal by Trump and his colleagues. (Through Saul Loaib / AFP / Getty Image)
Trump Eli and Federal Housing Finance Agency Director Bill Pult presented criminal referral targeting Fed Governor Lisa Cook for alleged mortgage fraud. Cook has not been accused of a crime and the Department of Justice is investigating the referral of the Pulte.
Cook refused to resign between Pulte and Trump to do so, the President fired him, citing enough allegations to remove him “for reason”.
The federal law that controls the central bank does not allow the President to remove a fed governor other than the reason, which is usually interpreted as malicious or misconduct.
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Trump’s efforts to firing Cook, for the first time in American history, the President has tried to set fire to a Federal Reserve Officer.
Cook filed Sase of spotting Firing and allowing him to remain a polling member of the Fed’s monetary policy panel.
