Reported about 9 hours ago
Federal Reserve Governor Lisa Cook has filed a lawsuit against President Trump, the Federal Reserve Board, and Chair Jerome Powell, seeking to challenge her potential dismissal. Her aims include obtaining an injunction to maintain her position, asserting that Trump's firing attempt was illegal, and clarifying the meaning of 'cause' for dismissal under the Federal Reserve Act. She argues that unsubstantiated allegations of mortgage fraud should not justify her removal, and she claims her Fifth Amendment rights were violated. A court hearing is scheduled to address her request to preserve her position.
Source: YAHOO