<
https://www.theguardian.com/business/2025/aug/25/trump-fires-federal-reserve-governor-lisa-cook>
"The Federal Reserve governor Lisa Cook will sue the Trump administration over
its bid to fire her over unconfirmed allegations of mortgage fraud, her
attorney has said.
Donald Trump announced he was firing Cook on Monday night, in an extraordinary
move that marks the latest escalation in the US president’s attack on the
central bank’s independence.
But Trump has “no authority” to remove her from the Fed’s board of governors,
Cook’s attorney, Abbe Lowell, argued in a statement to reporters, saying: “His
attempt to fire her, based solely on a referral letter, lacks any factual or
legal basis. We will be filing a lawsuit challenging this illegal action.”
In the meantime, she plans to stay put on the Fed’s powerful board of governors
– and rate-setting policy committee."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
