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Fed governor Cook sues Trump after he attempted to fire her
Mint Mumbai
|August 29, 2025
Federal Reserve (Fed) governor Lisa Cook filed a lawsuit on Thursday claiming US President Donald Trump has no power to remove her from office, setting up a legal battle that could reset long-established norms for the US central bank's independence.
Cook's lawsuit said Trump, a Republican, violated a federal law allowing the president to remove a Fed governor only for cause when he took the unprecedented step on 25 August of announcing he would fire her. The Republican president has accused Cook of committing mortgage fraud in 2021, a year before she joined the Fed's governing body.
This story is from the August 29, 2025 edition of Mint Mumbai.
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