Judge in Lisa Cook case sets Friday hearing on Trump effort to fire Fed governor

Key Points * Federal Reserve Board Governor Lisa Cook sued to challenge her removal by President Donald Trump. * Trump said Monday that he was firing Cook because of allegations that she committed mortgage fraud. * Critics say that the move undermines the independence of the Fed, which sets key interest rates that affect mortgage rates and other debt rates. * The case was assigned to Judge Jia Cobb, who was appointed to the federal bench by former President Joe Biden. ========================================================================= A judge set a hearing for Friday morning on Federal Reserve Board Governor Lisa Cook’s request to block...