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Trump Moves to Oust Fed Governor Lisa Cook

Original: lisa cook

President Trump has launched a new effort to remove Federal Reserve Governor Lisa Cook from her position, according to CNN. The move escalates his pressure campaign on the central bank and raises fresh questions about the Fed's political independence, with the attempted ouster likely to trigger legal and institutional battles over presidential authority to fire a sitting Fed governor.

Why now: Trump's attempt to fire a sitting Fed governor is an unprecedented challenge to central bank independence.

Donald TrumpLisa CookFederal Reserve

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Evidence

• Trump establishes panel to probe Fed governor Lisa Cook in latest attempt to fire her · NBC News
• Trump establishes committee to investigate Federal Reserve's Lisa Cook in latest effort to fire her · AP News
• Trump orders new investigation of Fed's Lisa Cook · Axios
• Trump launches new effort to oust Fed Governor Lisa Cook · CNN

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