United States | Federal judge temporarily blocks Trump's attempt to remove fed governor - video Dailymotion

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President Donald Trump's attempt to remove Federal Reserve governor Lisa Cook has been temporarily blocked by a federal judge, who ruled that under the law, fed governors can only be dismissed 'for cause' related to their conduct while in office. teleSUR  🌐Join teleSUR's community and be part of a space where your ideas matter.  https://chat.whatsapp.com/KLABTE41aSj3ioYabXQQ6K 🗣 Don't be left behind, join teleSUR's Channel https://whatsapp.com/channel/0029Va98Z437Noa2tjytCt1N Web💬 https://www.telesurenglish.net/ X🧶 https://twitter.com/telesurenglish Instagram 📸 https://www.instagram.com/telesurenglish/?hl=es Facebook 📱 https://www.facebook.com/teleSUREnglishOfficial Youtube ⏯ https://www.youtube.com/channel/UCmuTmpLY35O3csvhyA6vrkg Tiktok👌🏼 https://www.tiktok.com/@telesurenglish?_t=8hMLCY0a6z7&_r=1

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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.

United States | Federal judge temporarily blocks Trump's attempt to remove fed governor

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