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Donald Trump vs Fed gov: Lisa Cook sues Trump admin; asks to 'confirm her status' as board member

IndiaTimes 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.
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Video Credit: euronews (in English) - Published
News video: Fed Governor Lisa Cook sues Trump over move to fire her

Fed Governor Lisa Cook sues Trump over move to fire her 00:45

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. READ MORE :...

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