All articles tagged with #firing attempt
The Trump administration is seeking to fire Fed Governor Lisa Cook, marking the first such attempt in the Fed's history, amid legal battles and allegations related to mortgage documents, just before a key interest rate decision.
A federal judge blocked President Trump’s attempt to fire Federal Reserve Governor Lisa Cook, citing lack of cause and concerns over political interference, reaffirming her independence amid ongoing political battles over the Fed's leadership and policy direction.
Donald Trump is facing a legal challenge as he attempts to dismiss Federal Reserve Governor Lisa Cook, with a court hearing scheduled to decide whether to temporarily block her removal amid allegations related to her mortgage paperwork, raising questions about presidential authority over the Fed and its independence.
Federal Reserve Governor Lisa Cook sued President Trump to block her firing, which Trump claimed was due to mortgage fraud allegations. The lawsuit argues Trump's move is unlawful as it bypasses the 'cause' requirement in the Federal Reserve Act, and sets the stage for a legal battle potentially reaching the Supreme Court.