President Donald Trump said on Aug. 25 that he had fired Federal Reserve Governor Lisa Cook “for cause” after she refused his demand to resign over a claim by a top administration official that she lied on mortgage applications. Cook, in turn, filed a lawsuit against Trump, arguing his attempt to remove her from the Federal Reserve Board was unlawful and violated the central bank’s independence. A judge granted Cook’s request to continue working as the case proceeds, and a federal appeals court
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Where Does Trump’s Effort to Fire the Fed’s Lisa Cook Stand Now?
