Federal Reserve Governor Lisa Cook has filed a lawsuit against former President Donald Trump, alleging wrongful termination from her position. Cook, who was appointed by Trump in 2023, was fired in a controversial move that has raised questions about political interference in the central bank.

Cook's lawsuit accuses Trump of using his power to remove her from her position due to her stance on interest rates and monetary policy. She claims that her firing was a violation of her First Amendment rights and a breach of the independence of the Federal Reserve.

The lawsuit has drawn attention from both political and financial circles, with many questioning the motives behind Cook's dismissal. Trump has denied any wrongdoing, stating that he has the authority to remove Federal Reserve governors for any reason.

The case is expected to be closely watched as it could have significant implications for the independence of the Federal Reserve and the relationship between the central bank and the White House. Cook's lawsuit is set to shed light on the inner workings of the Trump administration and its interactions with the Federal Reserve.