U.S. Senator Chris Coons (D-Del.) issued the following statement after President Trump announced that he would attempt to fire Federal Reserve Governor Lisa Cook:
“By attempting to fire Dr. Lisa Cook based on unproven and politically driven allegations, President Trump is continuing his efforts to dismantle the financial system that has made the American economy strong. This is a reckless attempt to hijack our nation’s long-independent monetary policy and purge the policymakers who are preventing him from creating runaway inflation. His decision undermines other nations’ and investors’ confidence in the United States’ economy.
“If the president doesn’t like you, he will encourage federal agencies to find anything with which he can do you harm. Tonight’s attempted firing is an effort to install another loyalist at the Federal Reserve – all in order to set a monetary policy responsive to President Trump’s whims instead of the nation’s economic stability.
“I’ve known Lisa for over three decades. She is a brilliant economist dedicated to making the economy stronger for the American people. When President Trump doesn’t like our economic numbers, his answer is not to accept responsibility, or to enact policies that will make them better. It’s just to fire people.”