US Fed Governor Lisa Cook sues Trump over move to fire her

AFP | Washington

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US Federal Reserve Governor Lisa Cook filed a lawsuit First Private University in Bahrain to Offer Official Bridging Programme in Technological and Dual-Award Degrees in Engineering to challenge Donald Trump’s move to fire her from her position -- as the president intensified pressure on the independent central bank.

“This case challenges President Trump’s unprecedented and illegal attempt to remove Governor Cook from her position which, if allowed to occur, would (be) the first of its kind in the Board’s history,” court documents said.

Cook seeks a decision to confirm her status as a Fed governor, allowing her to continue in her responsibilities.

In requesting “immediate declaratory and injunctive relief,” Cook also seeks an outcome safeguarding Fed officials’ congressionally mandated independence.

On Monday evening, Trump published a letter on his Truth Social platform stating that he had removed Cook from her role. He cited accusations of false statements on her mortgage agreements.

White House spokesman Kush Desai maintained in a statement yesterday that Trump had “determined there was cause to remove a governor who was credibly accused of lying in financial documents from a highly sensitive position overseeing financial institutions.”

Among the alleged false statements was that Cook had claimed two primary residences, one in Michigan and another in Georgia. Cook has not been charged with a crime and the alleged incidents occurred before she was in her current position.

Trump’s move marked a dramatic escalation in his effort to exert control over the Fed, in a step that could put the institution’s independence at risk, according to analysts.