Fed governor Lisa Cook slams Trump’s renewed threat to fire her
WASHINGTON (AP) — Federal Reserve governor Lisa Cook said the Trump administration has no legal basis to remove her from the central bank’s governing board in a letter late Wednesday responding to renewed…
Federal Reserve Board member Lisa Cook has dismissed President Trump's renewed threat to remove her from her position, stating there is no legal basis for such an action. The White House had initially accused Cook of mortgage fraud, a claim she denies, though it has not been proven in court. In a letter, Cook's legal team argued that an unintentional error in referring to one of her homes as a "vacation home" does not equate to fraud.
They also noted that similar mistakes have been made by members of Trump's own cabinet. The Supreme Court had previously ruled that Cook could remain in her position while the case was ongoing, and they also stated that Trump could attempt to remove her again if he provided proper notice and allowed her to contest the decision.
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