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Appointed a Fed governor in 2022 by Joe Biden, Lisa Cook is the first Black woman to serve in the position.

Aug 29, 04:55 AM IST 5 min read

Federal Reserve Governor Lisa Cook has filed a lawsuit against President Trump, claiming his attempt to fire her is unlawful. The suit argues Trump lacked the necessary "cause" for removal and violated Cook's due process rights. This legal battle may challenge the Fed's independence, with implications for monetary policy and global markets. A hearing is scheduled for Friday.

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