US president attempted to sack the central bank governor as he intensified his attack on the institution

Trump says he is firing Federal Reserve governor Lisa Cook, a significant escalation in his continued attack on the central bank.

Policymaker says she ‘will not resign’ and vows to fight president’s attack on central bank

President’s attempt to fire governor Lisa Cook risks undermining central bank’s independence

There is little precedent: no Fed governor has been dismissed for cause before

Cook rejects Trump’s allegations that she may have falsified records for her mortgage and vowed to push back against the president’s ‘attempted illegal action’

The central bank does not work properly if a president can bend it to his will

Trump said he is removing Cook effective immediately because of allegations by one of his supporters that she committed mortgage fraud.

The president’s intensifying assault on central bank independence risks backfiring

The president’s move is seen as an attempt to get a loyalist on the Federal Reserve’s influential board.

Lisa Cook’s lawyer says US president has ‘no authority’ to remove her from board

Governor Lisa Cook has vowed to challenge her dismissal in a case that is likely to end up at the Supreme Court

History teaches us that chaos follows when leaders undermine the independence of central banks

Federal Reserve Governor Lisa Cook filed a lawsuit on Thursday claiming U.S. President Donald Trump has no power to remove her from office.

US president spent months waging campaign against Fed’s leaders which has raised questions over its independence

The Supreme Court is likely to resolve the question of whether President Trump had legal cause to remove the Federal Reserve Board member.

The president has accused Cook of mortgage fraud, and cited constitutional power that he says allows him to fire governors.

US president says the Joe Biden appointee lied on mortgage applications and he no longer had confidence in her ‘integrity’

US president attempted to sack the central bank governor as he intensified his attack on the institution

The lawsuit comes amid concerns that the US president is trying to sway central bank’s decisions on monetary policy.

Fed governor Lisa Cook is seeking a temporary restraining order against the president’s attempt to fire her