‘Racist, misogynistic, and unlawful attack’: Trump’s attempt to fire Lisa Cook draws accusations of authoritarianism
Donald Trump became the first president to attempt to remove a member from the Federal Reserve Board of Governors in the central bank’s 111-year history. In a letter on Monday, President Trump announced that Lisa Cook, the first Black woman and woman of color to serve on the Fed board, was “removed” from her Senate-confirmed, 14-year-long role “effective immediately.” The presidential act sets up an unprecedented legal battle. It challenges the independence of the Federal Reserve, which Trump has pressured […]
