12-10 11:35 Wednesday
Trump hinted that he might seek to remove Federal Reserve governors whose appointment letters were signed by automated machines.
According to CoinWorld.com, on December 10th, US President Trump hinted that he might seek to remove a Federal Reserve governor appointed by former President Biden from office if the appointment letter was signed by an automated signing machine. This is the latest move in his attempt to strengthen control over the central bank. However, this move is unlikely to succeed. Trump previously claimed he would rescind an executive order signed by Biden using an automated signing machine, but the result was minimal, aside from attracting attention. Any attempt to invalidate an appointment approved by the Senate will almost certainly face legal challenges from the appointee. Nevertheless, this statement represents the latest intrusion by Trump into the independence of the central bank. At a political rally in Pennsylvania, Trump said, "I've heard that it might have been an automated signing machine that signed those appointment letters. If it really was an automated signing machine—maybe I'm wrong, but we'll find out." According to procedure, after a nominee is confirmed by the Senate, the president signs the appointment letter to formally establish the nominee in federal office. Trump then hinted that if an official he appoints also uses an automated signing machine in a similar manner, he might "get rid of" that person. He asked Treasury Secretary Scott Bessent, who was also at the rally with him, to investigate the matter. The Federal Reserve declined to comment.
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