Fed Governor Lisa Cook Sues Trump Over Ouster Attempt
TL;DR
Federal Reserve Governor Lisa Cook sued President Trump to block her firing, which Trump claimed was due to mortgage fraud allegations. The lawsuit argues Trump's move is unlawful as it bypasses the 'cause' requirement in the Federal Reserve Act, and sets the stage for a legal battle potentially reaching the Supreme Court.
- Fed Governor Lisa Cook sues Trump to block her firing CNBC
- Business The Economist
- What is mortgage fraud? And how often does it happen? The Washington Post
- Trump’s attack on Lisa Cook is an attack on all of us MSNBC News
- Lisa Cook Sues Trump Over His Move to Oust Her From Fed Board Bloomberg.com
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