Trump Fires Fed Governor Lisa Cook
President Donald Trump has fired Federal Reserve Governor Lisa Cook, citing allegations of mortgage fraud. Cook, appointed in 2022 by President Joe Biden as the first Black woman on the Fed board, has refused to step down, arguing that the president does not have the legal authority to remove her. This unprecedented dismissal has sparked nationwide debates over presidential power, the independence of the Federal Reserve, and possible legal battles that could reach the Supreme Court. The decision has also caused market volatility, raising concerns among investors.
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