See below for reactions by Sen. Mark Warner and Rep. Don Beyer (D-VA08) to Donald Trump’s attemped firing of Federal Reserve Board member Lisa Cook. As Rep. Don Beyer says:
“This is blatantly illegal, and Trump knows it. Fed independence is vital to protect our economy from political interference. Trump is putting our financial system at risk over bogus claims of fraud—an offense of which he himself was convicted. This will be fought in court.”
And as Sen. Mark Warner says, “This outrageous and unprecedented attempt to fire a member of the independent Federal Reserve on the flimsiest of unproven pretexts is clearly the latest scheme from a president determined to subvert the institutions that have kept our democracy strong and our economy the envy of the world.”
So why aren’t tens of millions of Americans protesting at this point? And why are we still getting normal, business-as-usual communications from so many Democratic “leaders?”
STATEMENT OF U.S. SEN. MARK R. WARNER
~ On attempted firing of Fed Governor Lisa Cook ~
WASHINGTON – U.S. Sen. Mark R. Warner (D-VA), a member of the Senate Finance and Banking committees, released the following statement on President Trump’s attempt to fire Fed Governor Lisa Cook:
“The Fed was designed to operate insulated from political pressure so that it can make tough decisions based on data and the long-term health of the economy, not the whims of any one president. This outrageous and unprecedented attempt to fire a member of the independent Federal Reserve on the flimsiest of unproven pretexts is clearly the latest scheme from a president determined to subvert the institutions that have kept our democracy strong and our economy the envy of the world.
“Under President Trump, Americans are already paying more for groceries and other essentials. President Trump’s attempt to fire a member of the Federal Reserve is just the latest example of his chaos-driven approach to the economy. From impulsive trade wars and erratic tariffs to deficit-exploding tax cuts and now this attack on Fed independence, Donald Trump has shown time and again that he’s more interested in political theater and absolving himself of blame than in helping the American people. The result is higher costs for families, uncertainty for businesses, and diminished confidence in our economic leadership around the world.”
