Fed governor Lisa Cook sues Trump over his ‘illegal attempt’ to fire her
by Callum Jones and Lauren Aratani in New York from on (#6ZMFY)
US president spent months waging campaign against Fed's leaders, which has raised questions over its independence
The Federal Reserve governor Lisa Cook has filed a lawsuit against Donald Trump over his unprecedented and illegal attempt" to fire her, calling it an attempt to undermine the central bank's independence.
The lawsuit - filed by Cook in federal court in Washington on Thursday - sets the stage for a legal battle over the US president's extraordinary push for greater control of the central bank.
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