Federal Reserve governor Lisa Cook to sue Trump administration over its attempt to fire her
by Callum Jones in New York from Economics | The Guardian on (#6ZJAQ)
Cook's attorney said the president has no authority' and lacks any factual or legal basis' to fire the Fed governor
The Federal Reserve governor Lisa Cook will sue the Trump administration over its bid to fire her over unconfirmed allegations of mortgage fraud, her attorney has said.
Donald Trump announced he was firing Cook on Monday night, in an extraordinary move that marks the latest escalation in the US president's attack on the central bank's independence.
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