Former Federal Reserve Governor Lisa Cook has filed a lawsuit against former President Donald Trump for attempting to fire her, claiming it exceeds his authority.

Trump accused Cook of "deceitful and potentially criminal conduct" regarding mortgage applications, but Cook's lawsuit argues these claims are unsubstantiated and irrelevant to her role on the Fed.

The lawsuit emphasizes the importance of the Fed's independence from political influence and argues Trump's actions threaten this independence.

Federal Reserve Board Governor Lisa Cook — who is on unpaid leave from her job as a professor at Michigan State University — has sued President Donald Trump for attempting to fire her from the board, saying he has overstepped his legal authority by trying to do so and threatened the independ

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