Fed governor Lisa Cook sues Trump over his ‘illegal attempt’ to fire her

US president spent months waging campaign against Fed’s leaders, which has raised questions over its independence

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Federal Reserve governor Lisa Cook has filed a lawsuit against Donald Trump over his “unprecedented and illegal attempt” to fire her, calling it an attempt to undermine the central bank’s independence.

The lawsuit – filed by Cook in federal court in Washington on Thursday – sets the stage for a legal battle over the US president’s extraordinary bid for greater control of the central bank.