President Donald Trump’s bid to remove a Federal Reserve governor, Lisa Cook, is both “unlawful and dangerous,” according to former Treasury Secretary Janet Yellen, calling it a direct attack on the independence of the central bank.

“President Donald Trump’s claim that he has ‘fired’ Federal Reserve governor Lisa Cook ‘for cause’ is not only unlawful; it is profoundly dangerous,” Yellen wrote in a Financial Times opinion piece. “It represents a direct attempt to politicize the Fed, intimidate its leadership and bend monetary policy to the president’s will.”

Cook, appointed in 2022 and the first Black woman to serve on the Fed Board, has faced allegations from Trump and Federal Housing Finance Agency Director Bill Pulte for mortgage fraud. She has denied wrongdoing and has vowed to fight her removal in court.

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