Donald Trump escalated his war against the Federal Reserve after firing governor Lisa Cook. Photo by Alex Brandon / The Associated Press

Donald Trump has opened another front in his campaign to assume control of the United States Federal Reserve , with an analyst at TD Securities saying it creates a plausible path for the president to reshape the central bank to favour the interest rate cuts he is seeking.

Trump announced on Monday that he fired Lisa Cook , one of seven Fed governors that make up its board, alleging in a letter to her that she had made “false statements” regarding two mortgages for homes in Michigan and Georgia. Cook has since responded that she will not step down and has hired a lawyer to fight the firing.

“President Trump’s decision to fire Lisa Cook as Fed

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