Fed Governor Lisa Cook files lawsuit challenging Trump’s attempt to fire her

Federal Reserve Governor Lisa Cook is suing to keep her job on the prominent board after President Donald Trump said he was removing her from her role earlier this week.

On Monday, Trump posted on social media a letter addressed to Cook informing her that he had sufficient “cause” to fire the central bank official. The letter cited accusations of mortgage fraud first raised by Federal Housing Finance Agency Director Bill Pulte. #CNN #News