Donald Trump says he is firing US Federal Reserve governor

Trump says he is removing Ms Cook immediately because of allegations that she committed mortgage fraud
Donald Trump says he is firing US Federal Reserve governor

Lisa Cook said she is not resigning (Manuel Balce Ceneta/AP)

President Donald Trump has said that he is firing Federal Reserve governor Lisa Cook.

The unprecedented move would constitute a sharp escalation in his battle to exert greater control over what has long been considered a financial institution independent from day-to-day politics.

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