Donald Trump vs Fed gov: Lisa Cook sues Trump admin; asks to 'confirm her status' as board member
Thursday, 28 August 2025 () Federal Reserve governor Lisa Cook is challenging her dismissal by Donald Trump in court, alleging it threatens the Fed's independence. Trump cited mortgage fraud allegations as the reason, but Cook claims it's a pretext to install a loyalist and influence interest rates. The lawsuit argues the firing lacks 'cause' and could undermine the Fed's ability to act independently.
Fed Governor Lisa Cook sues Trump over move to fire her
The case could become a turning point for the 112-year-old Federal Reserve, which was designed by Congress to be insulated from day-to-day political influence.
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Russia has escalated tensions by bombing the Turkish-built Bayraktar drone factory in Kyiv, dragging NATO-member Turkey deeper into the Ukraine war. Two missiles struck the nearly completed facility,..
California Governor Gavin Newsom has clashed with President Trump over the deployment of the National Guard in Los Angeles, calling it unnecessary and politically motivated. In a live address, Newsom..
Trump campaign spokeswoman Karoline Leavitt revealed that former President Donald Trump was “furious” after Russia’s latest attack on Kyiv but added that he was “not surprised” by Vladimir..
Thursday, 28 August 2025 ()
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