Fed Governor Lisa Cook to Challenge Trump’s Removal in Unprecedented Legal Battle

President Trump's abrupt removal of Federal Reserve Governor Lisa Cook has ignited a constitutional firestorm. The late Monday dismissal, ostensibly over decade-old mortgage application allegations, tests the boundaries of presidential authority over the independent central bank.

Cook's defiant response through attorney Abbe Lowell signals a historic confrontation. "President TRUMP purported to fire me 'for cause' when no cause exists under the law," her statement read, framing the move as an assault on the Fed's statutory independence established by the Federal Reserve Act.

The coming legal battle may redefine central bank autonomy during volatile economic times. Market analysts watch closely as the dispute could reach the Supreme Court, creating uncertainty during a delicate monetary policy transition period.