Federal Reserve Governor Lisa Cook has filed a lawsuit against the Trump administration, alleging that they illegally attempted to remove her from her position. The lawsuit, filed in a federal court, claims that the administration’s actions were a violation of her constitutional rights as a federal official.
Cook, who was appointed to the Federal Reserve Board in 2018, has been a vocal critic of the Trump administration’s policies, particularly regarding its approach to monetary policy and financial regulation. The lawsuit comes amid ongoing tensions between the Fed and the Trump administration over issues such as interest rates and regulatory oversight.
Lawyers for Cook argue that the Trump administration made concerted efforts to pressure her to resign or step down from her role, citing internal communications and executive orders that allegedly targeted her. The case is seen as a significant legal battle over the independence of the Federal Reserve and the extent of executive power in U.S. governance.