💞 #Gate Square Qixi Celebration# 💞
Couples showcase love / Singles celebrate self-love — gifts for everyone this Qixi!
📅 Event Period
August 26 — August 31, 2025
✨ How to Participate
Romantic Teams 💑
Form a “Heartbeat Squad” with one friend and submit the registration form 👉 https://www.gate.com/questionnaire/7012
Post original content on Gate Square (images, videos, hand-drawn art, digital creations, or copywriting) featuring Qixi romance + Gate elements. Include the hashtag #GateSquareQixiCelebration#
The top 5 squads with the highest total posts will win a Valentine's Day Gift Box + $1
#特朗普罢免美联储理事库克# **Trump announced the dismissal of The Federal Reserve Board of Governors member Lisa Cook on August 25, 2025, but Cook responded that she would continue to perform her duties. This matter involves legal disputes and may be brought to the Supreme Court**. Here are the details:
### **Impeachment Event Timeline**
1. **Origin of the Allegations**: On August 15, the Director of the Federal Housing Finance Agency, Pulte, accused Cook of **mortgage fraud** in the declarations for two properties in Michigan and Georgia, claiming that he used false statements about his primary residence to obtain more favorable loan terms.
2. **Trump's Pressure**:
- On August 20, Trump demanded Cook to "resign immediately" on social media.
- On August 22, Trump publicly threatened: "If she doesn't resign, I will fire her."
- On the evening of August 25, Trump released a letter on the social media platform "Truth Social", announcing the **immediate dismissal of Cook**, stating that his "financial fraud and potential criminal behavior undermine integrity."
3. **Cook Responds**: Cook stated that Trump **has no right to dismiss** her, and she will continue to fulfill her duties, calling the allegations "baseless."
### **Legal Basis and Controversies of Removal**
- **Trump's Claim**: Citing Article II of the U.S. Constitution and the Federal Reserve Act of 1913, he asserts that the president has the authority to remove members of the Federal Reserve Board of Governors "for cause."
- **Legal Disputes**:
- The term of office for The Federal Reserve Board of Governors is **14 years**, and they can usually only be removed for "serious misconduct" or "criminal" actions, but the specific definition of "for cause" is not clearly defined.
- Multiple foreign media outlets (such as CNN, CNBC) believe that Trump's firing decision may be questioned by the federal court and could even be brought to the Supreme Court.
- **Historical Precedent**: No U.S. president has ever dismissed a member of the Federal Reserve Board of Governors, and this event could set a dangerous precedent.
### **Event Background and Motivation**
1. **Policy Divergence**:
- Cook has criticized Trump's trade policies for potentially suppressing productivity and forcing the Fed to raise interest rates to curb inflation.
- Trump has long been dissatisfied with the Fed's failure to accommodate his interest rate cut requests and has repeatedly criticized Chairman Powell.
2. **Personnel Control**:
- Out of the 7 seats on the Federal Reserve Board of Governors, **only 2 were nominated by Trump**, the rest were appointed by the Biden administration.
- Analysis suggests that Trump is attempting to create a vacancy by dismissing Cook in order to expedite the appointment of loyalists to "control the Fed."
### **Cook's Personal Background**
- **Term and Identity**: Cook was nominated by Biden in 2022, with a term ending in 2038, and is the **first African American female governor** in the history of the Fed.
- **Academic Background**: Professor of Economics at Michigan State University, with research areas including race and economic inequality.
### **Subsequent Developments**
- **Judicial Investigation**: The U.S. Department of Justice has launched an investigation into Cook, but no results have been announced yet.
- **Political Game**: The event may exacerbate the controversy over the independence of the White House and the Fed, and affect the direction of U.S. economic policy in 2025.
**Summary**: The core contradiction of Trump's dismissal of Cook lies in the **boundaries of presidential power and the independence of the Fed**. Legal disputes and political motives mean this matter is far from over and could become a landmark event in the U.S. financial governance system.