Federal Reserve Board Governor Lisa Cook filed a lawsuit against US President Donald Trump, calling his attempt to fire her “unprecedented and illegal” and setting up a court fight with lasting implications for the central bank’s independence.
Cook’s lawsuit, filed Thursday morning in federal court in Washington, DC, asks for a judge to rule that Trump’s attempt to remove her is unlawful and that she remains an active member of the Fed.
Earlier, Trump dismissed Cook over accusations of mortgage fraud, even though she has not been charged with any wrongdoing.
“President Trump does not have the power to unilaterally redefine ‘cause’ – completely unmoored to caselaw, history, and tradition – and conclude, without evidence, that he has found it,” her attorneys wrote in their request.
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