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Federal Reserve governor Lisa Cook sues over Trump’s ‘illegal attempt’ to fire her

US president spent months waging campaign against Fed’s leaders, which has raised questions over its independenceThe Federal Reserve governor Lisa Cook has filed a lawsuit against Donald Trump over his “unprecedented and illegal attempt” to fire her, calling it an attempt to undermine the central bank’s independence.The lawsuit – filed by Cook in federal court in Washington on Thursday – sets the stage for a legal battle over the US president’s extraordinary bid for greater control of the central bank. Continue reading...

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