Trump: Supreme Court Only Procedurally Remanded Case
According to Jinshi reports, U.S. President Donald Trump commented on the lawsuit against Federal Reserve Board Governor Lisa Cook's qualifications. Trump stated that the Supreme Court only remanded the case back to the lower court on procedural grounds, not addressing the merits. He emphasized that he would take immediate and appropriate action to ensure that those who have engaged in misconduct are not allowed to continue making decisions on matters critical to the well-being of the United States.
This statement once again highlights the Trump administration's intense focus on top Federal Reserve personnel. Observers believe that this move could potentially affect the Fed's future independence and monetary policy direction. The case has now been sent back to the lower court for further proceedings, which will be closely watched.