Aug. 28 (UPI) -- Federal Reserve Board Governor Lisa Cook filed a lawsuit Thursday against President Donald Trump for attempting to illegally fire her.
"This case challenges President Trump's unprecedented and illegal attempt to remove Governor Cook from her position, which, if allowed to occur, would be the first of its kind in the Board's history," the suit said.
"It would subvert the Federal Reserve Act, which explicitly requires a showing of 'cause' for a Governor's removal, which an unsubstantiated allegation about private mortgage applications submitted by Governor Cook prior to her Senate confirmation is not," the case introduction continued.
"The President's actions violate Governor Cook's Fifth Amendment due process rights and her statutory right to notice and a hearing under the [Federal Reserve Act]," it further stated. "Accordingly, Governor Cook seeks immediate declaratory and injunctive relief to confirm her status as a member of the Board of Governors, safeguard her and the Board's congressionally mandated independence, and allow Governor Cook and the Federal Reserve to continue its critical work."
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