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Trump cannot fire Federal Reserve governor Lisa Cook, court rules
Federal Reserve governor Lisa Cook, seen here Aug. 23, cannot be fired by the Trump adminstration, according to a U.S. appeals court ruling. (Jim Urquhart/Reuters) A U.S. appeals court declined on Monday to allow Donald Trump to fire Federal Reserve governor Lisa Cook — the first time a president has pursued such action since the central bank’s founding in 1913 — in the latest step in a legal battle that threatens the Fed’s longstanding independence. The decision by the U.S. Court of Appeals for the District of Columbia Circuit means that Cook canRead more