Lisa Cook vs. Trump: Fed Fight Heats Up
Update: 2025-09-10
Description
Federal Reserve Governor Lisa Cook wins a temporary reprieve from being fired by President Trump after allegations of mortgage fraud surfaced. A federal judge blocked Trump's move, citing concerns about due process and the Fed's independence, allowing Cook to participate in a crucial upcoming interest rate meeting. The Justice Department is expected to appeal, potentially setting up a Supreme Court showdown with major implications for the stability of the financial system.
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