New Delhi, Aug. 28 -- Federal Reserve Governor Lisa Cook has filed a lawsuit against the Trump administration to challenge the President's attempt to remove her from office, setting the stage for an unprecedented legal battle that could test the independence of the US central bank.

Fed independence at stake

The lawsuit highlights long-standing protections around the Fed's political independence. The Supreme Court has previously signaled that "for cause" removals require due process. Cook's suit argues that the president's unilateral decision undermines both her rights and the Fed's institutional autonomy.

"This case is about more than one individual-it is about protecting the Federal Reserve's independence from improper political inter...