Trump's attempt to fire Fed governor Lisa Cook is likely to lead to a major legal battle
- Posted on August 26, 2025
- By Business News Today
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Trump's attempt to fire Fed governor Lisa Cook is likely to lead to a major legal battle

Donald Trump's attempt to remove Federal Reserve Governor Lisa Cook over alleged mortgage fraud is likely headed to court, potentially redefining presidential power over the Fed. Legal experts question Trump's authority, citing the Fed's independence, crucial for fighting inflation. Cook denies the allegations and refuses to resign, setting the stage for a legal battle.