BREAKING: Fed Governor Lisa Cook files lawsuit to contest firing

Legal & Governance - Federal Reserve Board Governor Lisa Cook has sued President Trump, Fed Chair Jerome Powell, and the board of governors to block his move to fire her [1] - The lawsuit underscores that the allegations against Lisa Cook are baseless and unsubstantiated, originating from social media [3] - Lisa Cook is seeking immediate declaratory and injunctive relief to confirm her status as a member of the board of governors [4] - The Fed board of governors did not defend Lisa Cook after the President's statement [4][5] Independence of the Fed & Due Process - The lawsuit concerns the independence of the Fed and the principle of due process [6][8][10] - Accusations against Lisa Cook were leveled on social media without due process, trial, or conviction [8][9] - The situation highlights a disregard for due process, where someone is presumed guilty before being charged, tried, or convicted [10]