Trump's chief economic advisor: Federal Reserve Governor Cook should take a leave of absence during the challenge to his removal decision
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The tension between U.S. President Trump and the Federal Reserve has escalated. Trump's chief economic advisor, Kevin Hassett, suggested that Federal Reserve Governor Cook should take a leave of absence while challenging the dismissal decision and defend Trump's power to dismiss. Cook's lawyer stated that they would file a lawsuit against Trump's decision, claiming that the dismissal lacks legal basis. The Federal Reserve also indicated that Cook would seek a judicial ruling to confirm his position. This case could become a landmark event in testing presidential power and the independence of the Federal Reserve
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