1. A U.S. Federal Reserve governor, Lisa Cook, has filed a lawsuit against President Donald Trump over his attempt to dismiss her.
2. The lawsuit claims that Trump's purported dismissal of Cook is "unlawful and void," as it does not meet the "for cause" provision for removing a Fed governor.
3. The dismissal, if allowed, would be historic as it would mark the first time such an action has occurred in the Federal Reserve's history. The lawsuit challenges Trump's "unprecedented and illegal attempt" to remove Cook.
2. The lawsuit claims that Trump's purported dismissal of Cook is "unlawful and void," as it does not meet the "for cause" provision for removing a Fed governor.
3. The dismissal, if allowed, would be historic as it would mark the first time such an action has occurred in the Federal Reserve's history. The lawsuit challenges Trump's "unprecedented and illegal attempt" to remove Cook.
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Summary
Lawsuit filed by U.S. Federal Reserve Governor Lisa Cook against President Donald Trump over unlawful dismissal attempt. Claims the move does not comply with the "for cause" provision for Fed governor removal, potentially marking a historic first in Fed history. Challenges Trump's unprecedented