Fed’s Lisa Cook Battles Trump’s Firing Attempt
Federal Reserve Governor Lisa Cook will head to federal court on Friday to seek an emergency temporary restraining order to block her removal by President Donald Trump. The move comes as part of a legal battle over the president’s attempt to fire her from the Federal Reserve Board of Governors. Trump announced Cook’s removal in a letter posted on his Truth Social account earlier this week, alleging mortgage fraud. The announcement escalates his long-running feud with the Fed, an institution that has historically operated independently of the White House. In response, Cook filed a lawsuit challenging the dismissal, asking the court to declare Trump’s firing order “unlawful and void.” The case could have significant implications for the autonomy of the US central bank. Democrats have sharply criticized Trump’s action, describing it as an unprecedented level of political interference in the […]
