WASHINGTON — Federal Reserve Governor Lisa Cook has sued the Trump administration in an effort to overturn the president's attempt to fire her, launching an unprecedented legal battle that could significantly reshape the Fed's longstanding political independence.

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Federal Reserve Governor Lisa Cook is suing the Trump administration in an effort to overturn the president's attempt to fire her, launching an unprecedented legal battle that could significantly reshape the Fed's longstanding political independence

No president has sought to fire a Fed governor in the institution's 112-year history until Trump posted a letter on his Truth Social media platform late Monday saying that Cook was fired

Trump said the reason for her removal were allegations that she committed

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