Historically, September is not a great period, but Trump’s action for the Fed made things worse. While Powell was already convinced of interest rate cuts, Trump fired Cook, trying to seize the FOMC administration. Miran, who replaces Kugler, will soon start his duty at the FED in the Senate today.
Crypto coins fall
US Department of Justice Fed Member Lisa Cook launched an investigation and the court suffered a subpoena. Focusing whether Cook gives false information in mortgage applications, the ministry is trying to put forward the right reason for his dismissal. These news fell below the BTC 110 thousand dollars.
If you remember, we have seen Trump’s claim that the renovation in the Fed buildings has turned into corruption to expel the power. After that, a similar process was initiated for Cook and quickly on charges of real estate financing fraud. Trump He signed the decision that reported that he had fired him.
Crypto currencies made a bad start in September, concerned about the fluctuation in the global markets due to the threat of the Fed’s independence. As a matter of fact, Cook’s lawyer in his first court defense, “Trump expelled him because he wanted to seize the Fed because he wanted to seize the Fed,” he used his defense around the principle of independence of the Fed.
Ministry of Justice Investigation
According to information received from familiar people, the US Department of Justice launched a criminal investigation against Lisa Cook and the court suffered the court to investigate whether the Mortgage applications were given false information. Cook’s Ann Arbor, Mich. and Doj officials focusing on their property in Atlanta are trying to base the allegations of Cook’s mortgage fraud claims of Federal Housing Finance Agency appointed by Trump.
Fed The law allows Trump to dismiss the reasons. Cook’s lawyers argue that he has never made mortgage fraud. The court evaluates the decision that prevented Cook from being removed from the Board of Directors while the lawsuit continues. Days before the September 16 Fed meeting, this chaos is worrying for risk markets.
Moreover, Cook’s lawyers underlined that even if such a crime occurred before the Fed started in 2021, it was not experienced during the term of office and underlines that it cannot have consequences to dismiss. This topic in September in crypto coins Investors have reduced their risk for a while, as it could cause more fluctuations. The markets are therefore moving horizontally and down.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
