Fed governor Lisa Cook: "No legitimate basis for removal" on Trump mortgage claims

Lawyers for Federal Reserve Governor Lisa Cook argue there is 'no legitimate basis for removal' from the Fed board, responding to White House efforts to fire her over mortgage allegations. The case, which may determine Fed independence, follows a Supreme Court ruling against Trump's earlier attempt. Cook's term extends to Jan. 31, 2038, and her lawyers call the errors 'inadvertent oversight.'