WASHINGTON — Federal Reserve Governor Lisa Cook has sued the Trump administration in an effort to overturn the president’s attempt to fire her, launching an unprecedented legal battle that could significantly reshape the Fed’s longstanding political independence.

The case could become a turning point for the 112-year old Federal Reserve, which was designed to be insulated from political influence.{ai:summary}Federal Reserve Governor Lisa Cook has sued the Trump administration to overturn its bid to fire her.The suit is an unprecedented challenge that could reshape the Fed’s long-standing independence. #politics

U.S. Federal Reserve governor sues Trump over attempt to fire her, in case that could have wide ramifications

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