Fed Governor Takes Her Own Boss to Court Over Trump Firing

Federal Reserve Bank Governor Lisa Cook has sued Donald Trump—and her own chairman Jerome Powell—over what she calls an “unprecedented and illegal” attempt to fire her.

In a dramatic escalation in the feud between the central bank’s first Black governor and the president, Cook filed a lawsuit on Thursday challenging Trump’s attempt to remove her over unproven allegations of mortgage fraud.

Chairman of the US Federal Reserve Jerome Powell speaks with Lisa Cook, member of the Board of Governors of the Federal Reserve, as he chairs a Federal Reserve Board open meeting. / SAUL LOEB / AFP via Getty Images

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