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Lisa Cook Files Lawsuit Against Trump's Dismissal

Lisa Cook Files Lawsuit Against Trump's Dismissal

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by Giorgi Kostiuk

14 days ago

US President Donald Trump recently announced the dismissal of Federal Reserve member Lisa Cook, sparking significant discussion and a subsequent lawsuit.

Dismissal of Lisa Cook

President Trump stated he dismissed Lisa Cook for making 'false statements' in mortgage agreements.

Lawsuit Against Trump's Decision

Lisa Cook has filed a lawsuit contesting the president's decision, arguing that the White House lacked the authority to remove her and that she wished to retain her position.

Support from Economists

In light of the escalating situation, nearly 600 US economists signed a letter supporting Lisa Cook. The support includes notable names such as Nobel Prize winner Joseph Stiglitz and other prominent scholars.

Sound economic policy requires a credible monetary policy institution, and a credible monetary policy institution requires the independence of the Fed. We support Lisa Cook and the institutional independence of the Fed.CITE_NA

The situation surrounding Lisa Cook's dismissal highlights concerns regarding the Fed's independence and its role in the US economy.

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