‘No cause exists under the law’ Federal Reserve governor Lisa Cook responds to Trump’s move to fire her – live

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Lisa Cook says she will not resign after Trump accused of ‘cobbling together’ mortgage fraud allegations against herTrump moves to fire Fed governor Lisa CookLev Menand, a law professor at Columbia law school, said Donald Trump’s attempt to fire Federal Reserve chief Lisa Cook is a “procedurally invalid removal under the statute”.Menand, who authored a book about the Fed’s actions during the coronavirus pandemic, also said for-cause firings are typically related to misconduct while in office, rather than based on private misconduct from before an official’s appointment. Continue reading...

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