Top Democrats fire back against Trump’s plan to remove Federal Reserve governor as Lisa Cook vows to not resign – live

Top Democrats fire back against Trump’s plan to remove Federal Reserve governor as Lisa Cook vows to not resign – live

Curated from US news | The Guardian — Here’s what matters right now:

Lisa Cook says ‘no cause exists under the law’ for Trump to remove her; president is accused of ‘cobbling together’ mortgage fraud allegations against her Trump moves to fire Fed governor Lisa Cook Lev Menand, a law professor at Columbia law school, said Donald Trump’s attempt to fire Federal Reserve chief Lisa Cook is a “procedurally invalid removal under the statute”. Menand, who authored a book about the Fed’s actions during the coronavirus pandemic, also said for-cause firings are typically related to misconduct while in office, rather than based on private misconduct from before an official’s appointment. Continue reading...

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Original reporting: US news | The Guardian

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