Lisa Cook files lawsuit to fight Trump’s move to remove her from Federal Reserve Board
Federal Reserve Governor Lisa Cook has filed a lawsuit to block her removal after President Donald Trump announced he was firing her from the Fed board. Cook, the first Black woman appointed to the Federal Reserve, argues the move is unlawful and that unproven mortgage fraud allegations cannot be considered cause for dismissal. The case could set up a major legal battle over the Fed’s independence and the limits of presidential power.
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