Lisa Cook sued President Trump on Thursday, challenging his attempt to fire her from her seat on the Federal Reserve’s board of governors, in a legal battle that could reshape the relationship between the White House and the nation’s central bank.

Cook, who was elevated to the board of the Federal Reserve by then-President Joe Biden in 2022, filed her lawsuit in federal court in Washington after Trump announced her dismissal on social media. The president cited allegations related to mortgage fraud in connection with her 2021 home loan applications.

The allegations were first brought to public attention by Bill Pulte, the director of the Federal Housing Finance Agency, who referred them to the Justice Department.

“The Federal Reserve has tremendous responsibility for setting interest ra

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