Trump’s Unprecedented Move to Fire Fed Governor Lisa Cook Sparks Legal Debate

President Donald TRUMP has declared the firing of Federal Reserve Governor Lisa Cook, citing alleged mortgage fraud—a first in the Fed's 111-year history. The accusations relate to mortgage transactions Cook made before her 2022 appointment, with Trump claiming she misrepresented primary residences in Michigan and Georgia.

Cook immediately refuted the dismissal, asserting Trump lacks legal authority to remove her. Legal experts anticipate a protracted court battle, as the Federal Reserve's independence from direct presidential interference is a cornerstone of U.S. monetary policy.

The confrontation underscores broader tensions between the executive branch and financial regulators. Markets may react to the uncertainty, particularly in assets sensitive to U.S. policy stability, though no direct cryptocurrency implications are evident in this development.