Fed Reaffirms Commitment to 'Independence' Amid Lisa Cook's Promise to Sue Over Trump's 'Unlawful' Dismissal

Written by Emily J. Thompson, Senior Investment Analyst

Source: Yahoo Finance

Updated: Aug 27 2025

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Source: Yahoo Finance

Lisa Cook's Legal Action: Lisa Cook plans to sue President Trump over his attempt to fire her from the Federal Reserve, claiming he lacks the authority to do so.
Federal Reserve's Independence: The Federal Reserve has emphasized its independence and stated it will abide by any court ruling regarding Cook's firing.
Trump's Justification: Trump claims he fired Cook for cause due to alleged inaccuracies in her mortgage documents, while Cook asserts that no legal grounds exist for her dismissal.
Potential Supreme Court Involvement: The legal battle could escalate to the Supreme Court, which has previously ruled favorably on Trump's ability to remove members from independent agencies.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Fed Reaffirms Commitment to 'Independence' Amid Lisa Cook's Promise to Sue Over Trump's 'Unlawful' Dismissal

About the author

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