Federal Reserve Governor Cook warns Trump: Dismissing her would put the U.S. economy at risk

Wallstreetcn
2025.08.28 17:10
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Federal Reserve Governor Lisa Cook warned Trump that her dismissal would cause "irreparable harm" to the U.S. economy. She refuted Trump's allegations of mortgage fraud against her in the lawsuit, claiming it was an excuse to fire her. Cook requested the judge to issue a temporary injunction to block Trump's dismissal decision in order to maintain the status quo of the Federal Reserve and protect the public interest

Federal Reserve Governor Lisa Cook warned President Trump in a lawsuit that her dismissal would cause "irreparable harm" to the U.S. economy. Cook refuted Trump's allegations of her involvement in mortgage fraud in the legal documents, stating that it was merely an excuse to fire her and attempt to control the Federal Reserve. Cook hopes that a U.S. judge will issue a temporary restraining order to prevent Trump from enforcing his decision to dismiss her while the lawsuit is ongoing, thereby maintaining the status quo of the Federal Reserve and protecting the interests of the American public.

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