Federal Reserve Governor Lisa Cook has rejected President Donald Trump’s attempt to purge her from the nation’s central bank as part of his plot to subvert the independence of the pivotal American institution.

On Monday night, Trump posted a letter he sent to Cook asserting that he had the authority to remove her “effective immediately.” Trump’s justification is an unproven allegation from Federal Housing Finance Agency Head William Pulte, a Trump appointee, claiming that Cook “made false statements” on mortgage agreements. Pulte has made similar allegations against Sen. Adam Schiff of California and New York Attorney General Letitia James, whom Trump sees as his political enemies.

“President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authori

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