Firing Cook is not going to be easy, legal experts say

Firing Cook is not going to be easy, legal experts say – Central Banking

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Some scholars criticise the US president’s move, but others say there may be grounds for dismissal


Lisa Cook

Lisa Cook

Legal and economic experts say the US president’s attempted firing of Federal Reserve governor Lisa Cook is going to be a complicated litigatory mess.

Experts’ interpretations of both current law and how the courts may view president Donald Trump’s move vary greatly. Indeed, “cause”, the only grounds for dismissing a Fed governor, is not clearly defined in the law. Some view the allegations against Cook as sufficient grounds for dismissal, others do not. The final ruling is likely to fall to the

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