Fed to Comply With Court Ruling After Trump’s Firing of Cook Spurs Clash

The Federal Reserve said Tuesday it will comply with a court ruling in the looming legal battle between President Donald Trump and Federal Reserve Governor Lisa Cook, who is challenging her dismissal from the central bank’s board, The Hill reported.

This is an unprecedented clash between the White House and the Fed, intensifying Trump’s efforts to reshape the institution as he pushes for lower interest rates.

Cook’s attorney, Abbe David Lowell, said Trump lacks the legal power to terminate her.