Federal Reserve Governor Lisa Cook Sues President Trump Over "Illegal Attempt" To Fire Her | 4K

Fed governor Lisa Cook sues Trump over his "illegal attempt" to fire her, calling it an attempt to undermine the central bank’s independence. Trump tried to dismiss Cook on Monday, announcing that he was removing her from her position on the Fed’s board of governors “effective immediately” over an unconfirmed allegation from one of his allies that she had obtained a mortgage on a second home she incorrectly described as her primary residence. But Cook stood her ground, arguing Trump had “no authority” to fire her. Her lawsuit sets the stage for a legal battle over the US president’s extraordinary bid for greater control of the central bank. n18oc_world n18oc_crux

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Federal Reserve Governor Lisa Cook Sues President Trump Over "Illegal Attempt" To Fire Her | 4K