Federal Reserve Governor Lisa Cook has filed a lawsuit arguing that United States President Donald Trump has no power to remove her from office, setting up a legal battle that could reset long-established norms between the president and the central bank.
The lawsuit was filed on Thursday, three days after Trump published a letter saying Cook was removed from her job.
In the lawsuit, Cook argues that Trump violated federal law in attempting to remove her from her position. Under the Federal…
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News Source: www.aljazeera.com
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