If the courts allow Trump to get away with firing Lisa Cook, the Fed will be stripped of its insulation from political pressure.

The US president fired Lisa Cook over mortgage fraud allegations – a move experts view as a means to exert more control

President Trump told Lisa Cook that he had found sufficient cause “to remove you from your position.” Ms. Cook and her lawyer said they would fight the firing.

President Trump has said will fire Lisa Cook over alleged financial fraud, which could hand him more control of the Fed.

President Trump’s attempt to fire Lisa Cook, a Fed governor, will set off a long legal battle. Economists warn it could lead to higher inflation and government borrowing costs.

If the courts allow Trump to get away with firing Lisa Cook, the Fed will be stripped of its insulation from political pressure.

Federal Reserve Board Governor Lisa Cook hired Abbe Lowell to fight her termination by President Trump for a case that could land at the Supreme Court.

The market reaction was muted after President Trump moved to fire the Federal Reserve governor Lisa Cook. One economist likened the response to a frog in “gently heating” water.

President Trump claimed he has cause to remove a member of the independent board who has not obeyed his demands to vote for lower interest rates.

Lawyers for Ms. Cook promised to take legal action one day after the president moved to fire her over allegations of mortgage fraud.

If President Trump succeeds in replacing Lisa Cook, his nominees will make up a majority of the Federal Reserve’s seven-person board.

The influential policymaker avoided commenting directly on Trump's efforts to fire Cook.

The Supreme Court has said the Federal Reserve Board’s independence warrants protection. President Trump’s effort to fire a member will test that commitment.

Lisa Cook, who has not been charged with a crime, sought to retain her position, arguing her firing was “unprecedented and illegal.”

President Trump’s effort to oust the Federal Reserve governor has kicked off a landmark legal battle, one that will have far-reaching consequences for the institution’s…

Trump’s bid to oust Fed Governor Lisa Cook faces a legal showdown as she sues to block her removal, escalating the fight over Fed independence.

A court hearing could end with Fed Governor Lisa Cook remaining on the job while her lawsuit challenging her firing by President Donald Trump plays out.