Washington, D.C. – E be like say wahala don land for Federal Reserve as President Donald Trump don announce say he go remove Governor Lisa Cook just like say na football player wey dey misbehave. Trump tok say e get reason to believe say Cook lie for mortgage agreement matter. Wetin we go hear next?
For one post wey Trump drop for him social media, Truth Social, him make am clear say Cook no fit hold her position again. He say na constitutional powers wey him get go allow am do am. But Cook no gree just sit down, she don talk say him no get right to sack am and say she no go resign. Talk am well, no be play play matter o!
This na big move wey never happen before; e dey show say Trump no wan make anybody stand for him way, especially not the Federal Reserve wey dey control money palava for America. E be like say Trump wan fit bring somebody wey go gree to lower interest rates, so we fit borrow money chop better food for market.
Lisa Cook, na the first Black woman wey don occupy this position, and she join the Fed governors wey dey set interest rates. She don dey represent the committee wey no dey use play for financial matter since Biden time. Now, if Trump fit push her out, e go fit bring in one person wey dey fall in line with him agenda. Na so the matter dey be.
As she dey respond to Trump’s claims, Cook don talk say she go continue to do wetin dey her power to support American economy. E be like say dis wahala no go finish soon, as her lawyer don dey talk say dem go challenge Trump’s action for court. E fit turn to serious battle-weh-weh!
The market don react, European markets don dey slightly down since the announcement. The dollar too don drop small against other currencies. People wey sabi money matter dey ask if Trump fit really change the Fed setup, as this one fit throw confusion for economic plans.
Matter dey hot, and this na one big issue wey dey raise eyebrow for Federal Reserve independence. Economists dey shout say central banks suppose dey free from political drama to fit make sense decisions wey go help the public.
Cook dey under fire because she don face some allegations from Bill Pulte, one Trump ally, wey talk say she don commit mortgage fraud because she gree list two properties as her primary residence. E no clear if DOJ go open investigation on top her matter. But e dey clear say dis matter no fit end for ground level.
Sen. Elizabeth Warren don join the matter as she burst for Trump say him dey try to bully Cook and it no make sense at all. Omo, this na reality show wey no dey funny at all!
So, stick around as we dey follow this story; e go be like movie wey no fit end on time as e get strong implications for America economy and Federal Reserve future.
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