New Delhi, Aug. 26 -- President Donald Trump on Monday announced that he had dismissed Federal Reserve Governor Lisa Cook - a move that has triggered immediate legal and constitutional debate. In a letter posted to his social media platform, Trump claimed he had removed her from office, marking the first time in the Fed's 111-year history that a president has sought to fire a governor.

Lisa Cook, however, has pushed back. She insists the president lacks the authority to dismiss her and has vowed to continue serving her term.

Lisa Cook made history in 2022 when she became the first Black woman appointed to the Federal Reserve Board of Governors. A respected academic and policy expert, her career has spanned roles at the US Treasury, the ...