Fed's Lisa Cook pushes back on Trump firing threat, says she "never committed mortgage fraud"
Cook’s lawyers say the mortgage allegations are unfounded and that Trump must show legal cause before removing her from the Federal Reserve Board.
- Federal Reserve Governor Lisa Cook formally rejected President Donald Trump's attempt to remove her from the central bank on Wednesday, arguing there is "no legal basis" for her termination.
- The administration's renewed removal bid stems from accusations that Cook committed mortgage fraud by misclassifying a 2021 Atlanta condo purchase, a claim her legal team dismisses as an "entirely inadvertent oversight."
- Cook's attorney, Abbe Lowell, challenged the administration's consistency, noting that Treasury Secretary Scott Bessent reportedly listed two properties as "primary" residences on mortgage filings without facing similar scrutiny.
- This response follows a White House letter setting an August 26 deadline for Cook to address fraud allegations, a requirement imposed after the Supreme Court ruled she was entitled to due process.
- Attorneys argue these attacks are not about paperwork but represent an attempt by Trump to force the Federal Reserve to "bend to his will," potentially compromising the central bank's independence from political pressure.
21 Articles
21 Articles
Lisa Cook’s lawyers say Trump has no legal grounds to remove her from Fed board
By Rajwa Quasim Lawyers representing Federal Reserve Governor Lisa Cook have submitted their response arguing that the Trump administration has no legal grounds to remove her from the central bank’s board. Cook, a Biden appointee, faces allegations of mortgage fraud from the Trump administration. Cook’s lawyers, Abbe David Lowell and Norman Eisen, delivered their response to the White House on Wednesday. The administration gave her three weeks t…
‘Inadvertent’? Lawyer for Fed governor accused of mortgage fraud says it was all an ‘oversight’ * WorldNetDaily * by Bob Unruh
Source link A lawyer for a Federal Reserve governor who has been accused of mortgage fraud says it was all an “oversight” and she shouldn’t be held responsible for her “inadvertent” actions. The situation is that Lisa Cook, who wasn’t fired earlier by President Donald Trump because the Supreme Court said she needed to be
The Fed governor responded to the allegations and warned that there is no valid legal cause to remove it.
Coverage Details
Bias Distribution
- 41% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
