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Trump administration asks Supreme Court to allow firing of Fed Governor Lisa Cook
President Trump seeks Supreme Court intervention after lower courts blocked his attempt to fire Federal Reserve Governor Lisa Cook over mortgage fraud allegations she denies.
- On Sept. 18, the Trump administration asked the Supreme Court for an emergency order to remove Lisa Cook, who participated in this week's Fed meeting, after a federal appeals court refused the firing.
- Last month, Trump moved to remove Cook on Aug. 25 citing alleged mortgage fraud, but Cook denied wrongdoing and sued, arguing the president lacked the 'for cause' removal standard; U.S. District Judge Jia Cobb ruled this standard limited dismissal to misconduct in office.
- Documents obtained and reviewed show Cook described the Atlanta condo as a 'vacation home,' and appeals court judges criticized administration lawyers for not giving Cook reasons or a chance to respond.
- The Justice Department argued, `This application involves yet another case of improper judicial interference with the President's removal authority,' and if Trump prevails, he would have nominated four of the seven Fed governors.
- The effort marks an unprecedented push against Fed independence as the White House campaign to unseat Cook tests political insulation of the Federal Reserve board created by Congress, with the Supreme Court recognizing unique removal protections.
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38 Articles
38 Articles
Trump asks Supreme Court for go-ahead to fire Federal Reserve's Lisa Cook
The Justice Department urged the Supreme Court on Thursday to put President Trump's firing of Federal Reserve Gov. Lisa Cook over mortgage fraud accusations into effect. Cook participated in this week’s key vote cutting interest rates after a divided appeals panel rejected the administration’s plea to intervene beforehand. The administration waited for the Fed’s meeting to conclude before going to the high court, which has regularly sided with…
·Savannah, United States
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Associated Press News+22 Reposted by 22 other sources
Trump asks the Supreme Court for an emergency order to remove Lisa Cook from the Fed board
President Donald Trump's administration is asking the Supreme Court for an emergency order to remove Lisa Cook from the Federal Reserve’s board of governors.
·United States
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Coverage Details
Total News Sources38
Leaning Left9Leaning Right3Center23Last UpdatedBias Distribution66% Center
Bias Distribution
- 66% of the sources are Center
66% Center
L 26%
C 66%
Factuality
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