Trump renews bid to fire Fed governor Lisa Cook despite supreme court ruling
White House continues to target Cook despite decision from justices that upheld Federal Reserve’s independence Donald Trump is attempting once again to oust the US Federal Reserve governor Lisa Cook over allegations of mortgage fraud, despite a recent US supreme court decision that upheld the central bank’s independence. Cook reportedly received a letter from the White House this week that…
White House continues to target Fed governor Lisa Cook despite a recent Supreme Court decision that upheld the central bank's independence. Trump is attempting once again to remove Cook from her position over allegations of mortgage fraud, despite the court's ruling in June that Cook was entitled to stay on while she fights the president's allegations.
The White House sent Cook a letter this week, providing notice that Trump is "considering removing" her from her Fed position, following the same claims of mortgage fraud he levied against her last summer. Cook's lawyer, Abbe D. Lowell, called the allegations "as baseless now as they were a year ago" and said that no valid cause exists for removing Cook.
Written by urgent.news from The Guardian US's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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