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.

Senate and House Democrats call Trump's firing of Federal Reserve Governor Lisa Cook illegal and warn it puts American economy and savings at risk.

The Congressional Black Caucus had harsh words for President Donald Trump in a statement supporting Federal Reserve Governor Lisa Cook. Last week, the Spelman College grad came under fire from the president in a social media post alleging that Cook committed mortgage fraud.

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

The dollar and U.S. Treasuries slid in Asian trading on Tuesday after President Donald Trump announced he was removing a Federal Reserve governor, which undermined confidence in U.S. assets.

U.S. Treasury yields rose for maturities of five years and longer in Asian trade after Trump moved to fire Fed governor Lisa Cook.