Fed governor Lisa Cook slams Trump's renewed threat to fire her
Federal Reserve Governor Lisa Cook has formally rejected the Trump administration's renewed attempt to remove her from the central bank's board. Her legal team argues that the administration lacks a legal basis for the firing and that the allegations of mortgage fraud are politically motivated.
Why it matters
The dispute highlights ongoing tensions between the executive branch and the independence of the Federal Reserve.
By CHRISTOPHER RUGABER Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] --> Add AP News on Google Add AP News as your preferred source to see more of our stories on Google. --> Share
The article presents both the administration's accusations and the governor's legal defense.
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