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Fed governor Lisa Cook files a federal lawsuit Thursday aiming to block President Trump's attempt to fire her

Trump's move based on allegations that Cook committed 'mortgage fraud' in 2021 loan applications

Case could ultimately be decided by U.S. Supreme Court

Federal Reserve governor Lisa Cook filed a federal lawsuit on Thursday aiming to block an attempt by President Donald Trump to fire her over allegations of wrongdoing related to mortgage loan applications processed in 2021.

In a letter posted to Truth Social on Monday, Trump followed through on an earlier threat to fire Cook if she didn’t resign.

“Pursuant to my authority under Article II of the Constitution of the United States and the Federal Reserve Act of 1913, as amended, you are hereby removed from your posi

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