Trump’s Bid to Oust Fed’s Cook May Turn on Definition of ‘Cause’

This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, legal affairs reporter Erik Larson looks at the coming court battle over the Federal Reserve. Sign up here and follow us at @bpolitics. Email our editors here.

President Donald Trump’s bid to expand his control of the Federal Reserve is about to trigger a historic lawsuit over a short bit of legalese: “for cause.”