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Federal reserve governor Lisa Cook filed a lawsuit against President Donald Trump for an attempt to fire her by setting up a potential legal battle for the autonomy of the US Central Bank.
Cook asked the court to declare Trump’s dismissal order “illegal and invalid” and also said Fed President Jerome Powell and the Council of Managers as defendants.
Trump said there was a “reason” to believe that Cook had made false statements about his mortgage and cited constitutional powers that he believed allow him to remove it.
This move is likely to create a number of legal challenges that may be in the US Supreme Court.
