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Fed Governor sues Trump over dismissal
Lisa Cook plans to sue Trump over her dismissal from the Federal Reserve, citing lack of removal authority.
Lisa Cook plans to sue Trump over her dismissal from the Federal Reserve, citing lack of removal authority.
Federal Reserve Governor Lisa Cook is preparing to sue President Donald Trump over her dismissal from the board, saying the president lacks the authority to remove her.
Trump cites allegations of mortgage fraud, but Cook’s lawyers argue governors can only be removed for cause, setting up a dramatic legal and political battle at the heart of America’s economy.
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