Lawyers for Federal Reserve governor Lisa Cook have submitted their case for why she cannot legally be fired, as President Trump seeks new avenues for dismissing the Biden appointee for cause. The big picture: After the Supreme Court ruled against Trump's attempt to fire Cook last year over allegati…
Attorney Abbe David Lowell called the mortgage fraud allegations "untried and unproven" and said neither act cited by the White House constitutes cause under the Federal Reserve Act
Federal Reserve Governor Lisa Cook on Wednesday pushed back against the Trump administration's renewed attempt to fire her from the central bank's Board of Governors, despite a Supreme Court ruling preventing her removal.
Federal Reserve governor Lisa Cook’s lawyers told the White House that she did not knowingly commit fraud, denying that she falsified mortgage documents, as President Donald Trump has claimed in his attempt to fire her.
A lawyer for Federal Reserve Governor Lisa Cook told the White House on Wednesday that allegations Cook committed mortgage fraud before joining the Fed are “unfounded and untrue.” As a result, attorney Abbe Lowell wrote, any effort to remove Cook from her job based on those allegations would be “cor…
