00:00President Donald Trump's attempt to remove Federal Reserve Governor Lisa Cook has been
00:04temporarily blocked by a federal judge, who ruled that under the law, Fed Governors can
00:09only be dismissed for codes related to their conduct while in office.
00:14The judge noted that from cited reasons, unleashed mortgage fraud from before Cook's tenure does
00:20not meet this requirement and that Cook has the right to due process before any removal.
00:26This ruling allows Cook to remain in her position as the legal dispute continues, maintaining
00:31the Federal Reserve's independence from political interference during an important period for
00:36monetary policy decisions.
00:38The case raises significant questions about the scope of presidential power over the Federal
00:44Reserve, an institution designed to operate free from daily political pressures.
00:50In the United States, a survey by the New York Federal Reserve shows that the labor market
00:59is at its weakest point in more than a decade.
01:02According to the survey, the U.S. citizen who loses their job today has less than a 50 percent
01:07chance of finding new employment.
01:10The study also found that fears of job loss are rising.
01:13The perceived likelihood of being laid off in the next year increased to 14.5 percent while
01:20expectations that unemployment will be higher in 12 months rose to 39.1 percent.
01:25In this context, employment data from the Labor Department reinforced the gloomy outlook.
01:31The U.S. economy added only 22,000 jobs in August, down from 79,000 in July and well below
01:38Wall Street's forecast of 75,000.
01:41As a result, the unemployment rate rose to 4.3 percent, the highest since late 2021.
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