Trump says he has fired Fed governor Lisa Cook. She says he has no ‘authority’ to fireplace her

President Donald Trump on Monday stated he has fired Federal Reserve Governor Lisa Cook, based on a letter addressed to her posted on his social media — the primary occasion of a president firing a central financial institution governor within the central financial institution’s 111-year historical past.

The unprecedented transfer represents a big escalation of the president’s battle in opposition to the Fed, which he has blamed for taking too lengthy to decrease rates of interest. But Cook stated the president doesn’t have the “authority” to fireplace her and that she plans to proceed in her put up. #CNN #News