First Black Fed Governor, Lisa Cook, Sues Trump over His Attempt to Fire Her

Federal Reserve Governor Lisa Cook is suing President Donald Trump to challenge his attempt to fire her from the board of the central bank. A president cannot get rid of Fed officials over policy disagreements, but he can dismiss someone "for cause." In recent days, Trump's allies have accused Cook of misrepresentation on her mortgage forms, which Trump cited Monday when demanding her removal. Trump has also repeatedly threatened to fire Fed Chair Jerome Powell as he pushes the central bank to cut interest rates more rapidly.

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