Federal Reserve Governor Lisa Cook has filed a lawsuit against the Trump administration following President Trump’s attempt to fire her.

Trump announced the firing via a letter on Truth Social, alleging that Cook committed mortgage fraud in 2021.

Driving the news: The mortgage fraud claim was based on a report by Bill Pulte, director of the Federal Housing Finance Agency. • Cook firmly denied the allegations, stating that Trump has “no authority” to remove her and no legal cause to do so. • In her statement through Lowell & Associates, Cook emphasized she will not resign and intends to continue her duties to support the American economy. • This attempted firing represents an unprecedented move in the Federal Reserve’s 112-year history. • Trump justified the firing as a response t

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