TechFlow, August 26 — According to Jinshi Data, U.S. President Trump signed a document removing Federal Reserve Governor Cook from office with immediate effect. In the document, Trump stated: "Pursuant to the authority vested in me by Article II of the United States Constitution and the amended Federal Reserve Act of 1913, I hereby remove Cook from the Board of Governors of the Federal Reserve System effective immediately. Given Cook's dishonest conduct in financial matters, which may involve criminal offenses, I cannot have confidence in your integrity. At the very least, these actions reveal serious negligence in financial transactions, raising questions about your competence and credibility as a financial regulator."
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