Federal Reserve governor Lisa Cook has sued President Trump over his attempt to fire her from the Board of Governors, challenging the effort and asking a judge to block it. No president has sought to fire a Fed governor in the institution's 112-year history until Trump posted a letter on social media Monday saying that Cook was fired. Trump said the reason for her removal were allegations that she committed mortgage fraud in 2021, before she was appointed to the board. https://abc7.com/17672807/

Federal Reserve governor Lisa Cook has sued President Trump over his attempt to fire her from the Board of Governors, challenging the effort and asking a judge to block it. No president has sought to fire a Fed governor in the institution's 112-year history until Trump posted a letter on social media Monday saying that Cook was fired. Trump said the reason for her removal were allegations that she committed mortgage fraud in 2021, before she was appointed to the board. https://abc7.com/17672807/