President Trump has made headlines by attempting to fire Federal Reserve Governor Lisa Cook, alleging mortgage fraud. Cook, whose term was set to continue until 2038, is contesting the dismissal in court, marking a significant moment as it is the first time a president has sought to remove a Fed governor.
The allegations against Cook have prompted an investigation by the Justice Department. However, it is important to note that Cook has not been formally charged with any wrongdoing and vehemently denies the accusations.
