In a letter shared on Truth Social, Trump claimed "sufficient cause" to remove Cook immediately, pointing to accusations that Cook made false statements on mortgage agreements.
Cook said Aug. 26 the president lacked authority to oust her from the board of the central bank. She plans to challenge the move in court, according to a statement from her attorney.
The move comes amid Trump's monthslong efforts to influence the Fed's decisions on interest rates. Trump had previously focused on pressuring Fed Chair Jerome Powell to lower rates through name-calling and termination threats, although he has since walked back threats to remove Powell.
An exodus of Justice Department employees has left behind a trail of emotional farewell notes warning...
A federal judge ruled Friday that the IRS appears to have broken the law when it...
