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Fed Governor Lisa Cook sues Trump after he moves to fire her

  • On August 28, 2025, Lisa Cook, a Federal Reserve Governor, initiated legal action disputing President Trump’s authority to remove her from her position.
  • Trump announced on August 25 that he would fire Cook, accusing her of deceitful conduct and citing mortgage fraud allegations from 2021, though Cook denies any wrongdoing.
  • Cook, appointed in 2022 by President Biden, claims the law permits removal of a Fed governor only for cause, setting up a rare legal battle over Fed independence.
  • The market showed a slight rise in the 30-year Treasury yield after Trump’s announcement, though investors generally remain calm amid concerns over the potential politicization of the Fed.
  • The legal dispute could redefine presidential control over the Fed, with observers noting that a court ruling in Cook’s favor would limit White House influence on monetary policy.
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The first black woman in this position sues her dismissal from the president – with good chances of success

·Vienna, Austria
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  • 41% of the sources are Center
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KYTX broke the news in on Thursday, August 28, 2025.
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