Trump Firing of Fed’s Cook Sets Up Legal Showdown: The Brief

DONALD TRUMP’S move to oust Federal Reserve Governor Lisa Cook based on allegations from a White House ally that she falsified mortgage documents sets up a legal showdown as the president escalates efforts to assert greater control over the central bank, Jonnelle Marte and Myles Miller report.

• In a letter posted on Truth Social late Monday, Trump said he had “sufficient cause” to fire Cook, the first Black woman to serve on the Fed Board of Governors in Washington. Trump has relentlessly pressured the Fed to lower interest rates, and forcing out the Biden-appointed Cook would give him an ...