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.

President Donald Trump is seeking to fire Federal Reserve Board member Lisa Cook, citing allegations surrounding mortgage forms she filed before she became a Fed governor.

Kevin Hassett, President Donald Trump's top economic advisor, comments come amid a brewing legal battle between Cook and the Trump administration.

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.

Judges may be reluctant to second-guess the president’s claim about what counts as good “cause” for the firing.