Trump’s bid to oust Fed Governor Lisa Cook faces a legal showdown as she sues to block her removal, escalating the fight over Fed independence.

Donald Trump’s vow to fire Federal Reserve Board Governor Lisa Cook is at the intersection of the Republican president’s efforts to consolidate power and purge diverse voices from the higher ranks of American leadership.

President Trump's announcement this week that he was firing Fed governor Lisa Cook made her Trump's latest target in what critics call a campaign of retribution.

The case centers on Trump's attempt to fire Lia Cook from her role on the Fed's Board of Governors, and whether he has "cause" to do so, under the Federal Reserve Act.

Federal Reserve governor Lisa Cook was targeted by the Trump administration on Thursday in a second criminal referral to the Justice Department, claiming that Cook committed mortgage fraud in connection with three separate mortgage loans.