Fed Governor Lisa Cook Sues Trump Over 'unprecedented And Illegal' Effort To Fire Her

Federal Reserve Governor Lisa Cook sued President Donald Trump connected Thursday, nan opening of a landmark ineligible conflict complete Trump's "unprecedented and illegal" efforts to region her from nan cardinal slope and by hold nan committee that makes important decisions astir nan nation's liking rates.

In her lawsuit, Cook seeks "A declaration that President Trump’s August 25, 2025 purported firing ... is unlawful and void and that Governor Cook remains an progressive personnel of nan Board of Governors of nan Federal Reserve."

Cook besides seeks a declaration from nan tribunal that "that an unsubstantiated allegation of owe fraud anterior to a Governor’s confirmation is not origin for removal."

Trump has sought to region her over allegations of owe fraud.

The suit comes aft Federal Housing Finance Authority Director Bill Pulte leveled allegations of fraud against Cook connected August 20.

Under nan Federal Reserve Act, nan only logic Federal Reserve governors tin beryllium removed from their positions is “for cause,” aliases immoderate benignant of wrongdoing. Cook has not been charged pinch immoderate crime and Trump's missive to her only said that nan management believes she "may person made mendacious statements connected 1 much owe applications."

Cook is nan first Black female to service connected nan committee of what is considered to beryllium nan world's astir important cardinal bank.