A lawyer for Lisa Cook on Friday urged a U.S. judge to let the Federal Reserve governor keep her job while she fights President Donald Trump's attempt to fire her in a stunning assault on the central bank's independence.

The case in the U.S. District Court in Washington D.C. could provide Trump with expansive power over the Fed, which has traditionally been shielded from political pressure as it makes tough, complicated decisions about whether to raise interest rates to fight inflation or lower them to encourage hiring and economic growth.

Trump has sought to fire Cook over allegations that she committed mortgage fraud when she purchased a home and condo in 2021, the year before President Joe Biden appointed her to the Fed's governing board.

Trump has repeatedly criticized the Fed —

See Full Page