Fighting has been the hallmark of Federal Reserve governor Lisa Cook’s academic and professional career, highlighted by her becoming the first Black woman to serve as a governor of the Federal Reserve. She was confirmed after Vice President Kamala Harris issued a tiebreaking Senate vote in 2022. Federal Reserve governors are expected to fulfill 14-year terms.
Cook’s latest fight is with President Donald Trump to keep her position on the Board of Governors at the Federal Reserve.
Trump sent Cook a letter Monday saying he was firing her after Federal Housing Finance Agency Director Bill Pulte accused her of falsifying bank records to secure favorable mortgage terms before she was elevated to her position.
Cook then sued President Donald Trump on Thursday, the beginning of a legal battle over what she calls Trump's "unprecedented and illegal" efforts to remove her from the central bank and the committee that makes decisions about the nation's interest rates.
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