Desk Reports : Federal Reserve (Fed) Governor Lisa Cook has filed a lawsuit against US President Donald Trump, alleging that the president has no constitutional authority to remove her. As a result, the long-standing tradition of independence of the US central bank is about to face a new legal test. Cook stated in the lawsuit that according to the law, a Fed governor can only be removed with “good cause”. But Trump made an unprecedented announcement on Monday (August 25) that he would fire Cook. Trump alleged that Cook committed…
Read MoreFed Governor Cook sues US President Trump
