US EditionTrump administration renews push to fire Fed governor Lisa Cook ahead of key vote
The Justice Department asserts the president has sole authority to remove Fed governor Lisa Cook amid allegations, seeking to bar her from a critical interest rate vote this week.
- President Trump attempted to remove Federal Reserve Board member Lisa Cook, citing accusations of mortgage fraud, ahead of the upcoming Fed meeting to decide on interest rates.
- Trump's removal effort relies solely on claims from Bill Pulte, Trump appointee and FHFA director, although no criminal charges exist against Cook.
- A district court blocked Trump's dismissal, but Justice Department lawyers argued Sunday that the president alone holds unfettered authority to remove Cook for cause.
- Reuters reports and legal analysts have weakened Pulte's allegations, noting that establishing bank fraud requires more than mortgage inconsistencies.
- The ongoing legal dispute may prevent Cook from voting at the Fed meeting, while economists warn that political pressure on the central bank could disrupt its independence.
14 Articles
14 Articles
Trump Administration Renews Push to Fire Fed Governor Lisa Cook Ahead of Key Vote
President Donald Trump’s administration renewed its request Sunday for a federal appeals court to let him fire Lisa Cook from the Federal Reserve’s board of governors, a move the president is seeking ahead of the central bank’s vote on interest rates.
Fox’s Andrew McCarthy Argues Trump’s Effort to Fire Fed Governor Likely to Fail
Mark Schiefelbein/Evan Vucci/AP Photos Fox News legal analyst and National Review contributing editor, Andrew McCarthy, broke down the latest developments in President Donald Trump’s effort to remove Federal Reserve governor Lisa Cook over allegations of mortgage fraud. McCarthy offered his legal take on the issue in the National Review following a new report from Reuters that debunks a key part of the allegations against Cook. Trump fired Cook …
Trump administration claims vast powers as it races to fire Fed governor before meeting - Hawaii Tribune-Herald
The Trump administration sought to convince a federal court Sunday that President Donald Trump possesses vast powers and “discretion” to fire federal officials, as it raced to block Lisa Cook, a governor on the Federal Reserve, from participating in this week’s meeting of the central bank.
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