Democratic Congress members responded with fury on Monday after President Trump said he's firing Federal Reserve governor Lisa Cook.

Why it matters: Some lawmakers are calling on the federal judiciary to swiftly strike down Cook's ouster, arguing that the president has no legal basis for it. • "It's an authoritarian power grab that blatantly violates the Federal Reserve Act, and must be overturned in court," said Sen. Elizabeth Warren (D-Mass.), the ranking member of the Senate Banking Committee, in a statement. • House Minority Leader Hakeem Jeffries (D-N.Y.) said: "Trump is trying to remove her without a shred of credible evidence that she has done anything wrong." • House Judiciary Committee ranking member Jamie Raskin (D-Md.) told Axios: "What an outrage and a scandal. This is t

See Full Page