Fed Slaps Back at Trump and Says Keep Your Hands Off Cook

The Federal Reserve has clapped back at President Donald Trump after he moved to fire an independent governor based on an unproven allegation made by a MAGA acolyte.

As the president doubled down on his bid to unseat Governor Lisa Cook - which would allow him to install his own board member and seize majority control of the Central Bank - the Fed issued a rare, pointed statement pushing back against the power grab.

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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