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Welcome to The Logoff: President Donald Trump is attempting to fire one of the seven members of the Federal Reserve board, a legally questionable move with major implications for the US economy.

What happened? On Monday night, Trump announced that he was firing Lisa Cook, a Biden appointee to the Federal Reserve board, “for cause,” citing flimsy allegations of mortgage fraud.

As a Fed governor, Cook helps oversee the US’s central banking system and set US monetary policy, including interest rates; she has denied the allegations and said she will not resign, setting up a lawsuit that will likely make its way

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