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Federal Reserve governor Lisa Cook has sued President Donald Trump over attempt to fire her, setting up a potential legal battle over the US central bank’s autonomy.
Cook has asked the court to declare Trump’s firing order “unlawful and void”, and also named Fed Chairman Jerome Powell and the Board of Governors as defendants.
Trump has said there was “sufficient reason” to believe Cook had made false statements on her mortgage, and cited constitutional powers which he said allowed him to remove her.
The move is likely to set up a number of legal challenges that could end up at the US Supreme Court.
BBC News
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