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Lisa Cook will sue over Trump firing from Fed board, her lawyer says
Lisa Cook, appointed in 2022 and the first Black woman on the Fed board, plans to sue President Trump over his unprecedented firing attempt citing contested mortgage fraud claims.
- Federal Reserve Governor Lisa Cook is facing an unprecedented removal attempt by President Donald Trump, who accuses her of mortgage fraud in a move that challenges the Fed's independence in its 111-year history.
- The Federal Reserve Act allows removal of governors only 'for cause,' and legal experts say this dispute over presidential authority will likely end up in court.
- Cook faces no criminal charges and, represented by her attorney Abbe Lowell, intends to file a lawsuit contesting her dismissal in order to affirm her right to continue serving.
- The Federal Reserve and lawmakers including Maxine Waters and Charles Schumer have criticized the firing bid as undermining the Fed's independence and risking economic stability.
- If upheld, Cook’s removal could shift control over monetary policy and lead to contentious Senate confirmation for Trump’s nominee, Stephen Miran.
384 Articles
384 Articles
Fired Fed governor just might beat Trump
Donald Trump thinks he can control all aspects of American life, including free market interest rates. The global economy, the chair of the Federal Reserve and now, one of the Fed’s governors, disagree. In his latest attempt to pressure the central bank to lower interest rates to lessen political fallout from his ill-conceived tariffs, Trump is attempting to fire Fed Governor Lisa Cook, the first Black woman to serve on the board of governors. …
Donald Trump's 'illegal' move could curse America with hyperinflation where even bread cost '$1000 more every day'
Shark Tank investor Kevin O’Leary has issued a strong warning to President Donald Trump about the dangers of interfering with Federal Reserve independence. The businessman made his comments on Fox Business after Trump threatened to replace Fed Chairman Jerome Powell and attempted to fire Fed board member Lisa Cook. O’Leary said such moves could lead to economic disaster similar to what Venezuela has experienced. Trump has been putting pressure o…
Lawyers clash on cause to dismiss Fed governor | Northwest Arkansas Democrat-Gazette
A lawyer for Lisa Cook on Friday urged a U.S. judge to let the Federal Reserve governor keep her job while she fights President Donald Trump's attempt to fire her in a stunning assault on the central bank's independence.
Cook's lawsuit against Trump sets up a potential Supreme Court clash
President Donald Trump's attempt to oust Federal Reserve Governor Lisa Cook — a move without precedent in American history — sets the stage for a high-stakes legal battle likely bound for the U.S. Supreme Court.Tensions reached a new fever pitch Thursday morning after Cook sued the Trump administration over its attempt to remove her, an effort she argued is an "unprecedented and illegal" pretext by which Trump is looking to wrest control of the …
US judge sets quick schedule in Fed Governor's lawsuit
A federal judge said today that she would set an expedited briefing schedule in Federal Reserve Governor Lisa Cook's bid to temporarily block President Donald Trump from firing her while she pursues a lawsuit that says he has no valid reason to remove her from the U.S. central bank.
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