🚨 Fed Independence Faces Historic Test: Lisa Cook Sues Trump Ahead of Key FOMC Meeting

🏛 Federal Reserve Governor Lisa Cook has filed a lawsuit against President Trump, challenging his authority to remove her from the Fed Board. This legal battle comes just weeks before the crucial September FOMC meeting, raising concerns about monetary policy stability and institutional independence.

🔑 Key Highlights:

✅ Cook seeks injunction to block her removal, citing violations of the Federal Reserve Act and Fifth Amendment rights.

✅ The case argues that “unsubstantiated mortgage allegations” are not valid grounds for termination.

✅ First time in U.S. history a sitting president has attempted to remove a Fed Governor.

✅ Judge Jia Cobb set an initial hearing for Friday — outcome could reshape Fed autonomy and global market confidence.

💡 This case isn’t just about politics — it’s about monetary policy credibility at a time when rate decisions impact inflation, markets, and crypto adoption.

#FederalReserve #Markets #FOMC #Trump #Economy

https://coingape.com/lisa-cook-sues-trump-as-fed-drama-intensifies-ahead-of-crucial-september-fomc/?utm_source=bnb&utm_medium=coingape