Donald Trump has doubled down on his extraordinary bid to fire a Federal Reserve governor over an unproven allegation, while Commerce Secretary Howard Lutnick suggested she was a “crook” despite admitting he didn’t know the facts of the case.

Lisa Cook's potential removal from the Federal Reserve Board of Governors gives Trump another opportunity to name someone more closely aligned with his financial policy.

Late Monday, Trump moved to fire Cook over allegations of mortgage fraud. He cited a “criminal referral” from Federal Housing Finance Agency Director William Pulte that alleged discrepancies on Cook’s mortgage application documents. Cook has refused to step down, and on Tuesday she said she was planning to file a lawsuit challenging Trump’s move.

President Donald Trump’s efforts to revamp the Federal Reserve could have far-reaching consequences for the U.S. economy and everyday Americans.

President Donald Trump's vow to fire Lisa Cook, an economist who is the first Black woman to serve on the Federal Reserve's board of governors, kicked off another tense debate and likely legal battle over a major institution's independence.

While past presidents have expressed views about monetary policy, Trump's attempts at influence are largely unprecedented — no Fed member has ever been removed for cause.

By seeking to remove Fed governor Lisa Cook, Trump has taken his boldest step to bring the independent central bank under his control, with consequences for the economy.

Lisa Cook, a Federal Reserve governor, is preparing to take Donald Trump to court after his attempt to remove her from the central bank. Joining The Weeknight: Rohit Chopra, the former Director of the Consumer Financial Protection Bureau,