LEGAL
2 min readTrump's Dismissal of Fed Governor Cook Heads Toward Supreme Court
TrueGov Editorial Team•5 months ago•2 min read
Unprecedented removal raises questions about Fed independence
1.
President Donald Trump has attempted to remove Federal Reserve Board Governor Lisa Cook from her position, citing allegations of false statements on mortgage applications as cause for dismissal. According to Evercore ISI, this marks the first time a president has tried to remove a Fed governor since the central bank's establishment in 1913. Cook has stated she will not vacate her position and her legal team plans to challenge the action in court.