MNI BRIEF: Fed's Cook Fights Back On Trump Firing Attempt

Federal Reserve Governor Lisa Cook filed suit Thursday pushing back against President Donald Trump's attempt to fire her earlier this week, arguing the president's move would undermine the Federal Reserve Act and violates her Fifth Amendment due process rights. 

"Governor Cook seeks immediate declaratory and injunctive relief to confirm her status as a member of the Board of
Governors, safeguard her and the Board’s congressionally mandated independence, and allow Governor Cook and the Federal Reserve to continue its critical work," the suit filed by her legal team stated. (See MNI: Experts Say Fed's Cook Will Prevail Against Trump)