Lisa Cook Sues Trump Administration Over Fed Firing
Update: 2025-08-29
Description
Federal Reserve Governor Lisa Cook has filed a lawsuit against the Trump administration after Trump claimed he had fired her over unproven allegations of mortgage fraud. Cook, the first Black woman to serve on the Fed board, argues the move threatens the central bank’s independence. Legal experts note Fed governors can only be removed “for cause” with due process — which Cook has not received — and critics say the firing is aimed at replacing her with a Trump loyalist.
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