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President Trump's economic advisor, Kevin Hassett, suggested that Federal Reserve Governor Lisa Cook should take a leave of absence while she prepares to sue the president for her removal. Hassett believes this is the honorable course of action, despite Cook's planned lawsuit challenging her dismissal. He also defended Trump's authority to remove a Fed governor "for cause." Cook, the first Black woman to serve as a Fed governor, is expected to file a lawsuit, claiming wrongful dismissal. The allegations involve claims of mortgage fraud.

Prepared by Lauren Mitchell and reviewed by editorial team.