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Fed governor Lisa Cook slams Trump's renewed threat to fire her
Cook’s lawyers say allegations over mortgage applications do not justify removal, after the Supreme Court let her stay while the case moves forward.
- On Wednesday, Fed Governor Lisa Cook rejected the White House's renewed effort to remove her from the Federal Reserve, responding to a termination threat issued earlier this month.
- Trump administration officials accuse Cook of declaring two homes as 'primary residences' in mortgage applications, a charge Trump first leveled a year ago.
- Attorneys Abbe Lowell and Norman Eisen stated 'an inadvertent error is not fraud,' while Cook clarified she labeled one property as a 'vacation home' and did not intend to deceive lenders.
- The Supreme Court previously ruled Cook could remain while the case is litigated; President Trump could try again with proper notice, though his success would grant appointees a majority on the Fed board.
- Cook claims these attacks are an attempt by Trump to force the Fed to bend to his will, reflecting his long-standing criticism of the central bank's interest rate policy.
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Lisa Cook says Trump lacks legal grounds to remove her from Fed board
Federal Reserve governor Lisa Cook has told the White House that President Trump has no legal grounds to remove her. The clash could reshape the Fed board and intensify pressure on central bank independence.
·Noida, India
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Lawyer for Fed’s Cook, targeted by Trump, says there is no grounds for dismissal
By Ann Saphir Aug 26 (Reuters) - Federal Reserve Governor Lisa Cook's lawyer on Wednesday offered a detailed rebuttal to the accusations of mortgage fraud that U.S. President Donald Trump asserts provide cause to fire her, saying they rely "on untried ...
Coverage Details
Total News Sources50
Leaning Left8Leaning Right4Center35Last UpdatedBias Distribution74% Center
Bias Distribution
- 74% of the sources are Center
74% Center
L 17%
C 74%
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