Fed Gov Lisa Cook’s lawyer fires back at Trump's renewed threat to oust her

Federal Reserve Governor Lisa Cook's lawyers have responded to renewed threats from the White House to remove her from her position. According to her attorneys, Abbe Lowell and Norman Eisen, there is no legal basis for President Trump to fire Cook, citing allegations of mortgage fraud that she denies.

The allegations against Cook were first made by Federal Housing Finance Agency Director William Pulte last August and were amplified by Trump, who claimed she had committed mortgage fraud. However, Cook's lawyers argue that these claims are unproven and rely on "inadvertent error," not intentional wrongdoing.

The Supreme Court previously ruled that Cook could remain in her position while the case is litigated, but also allowed Trump to try again to remove her if he provided proper notice and a chance to contest it. Cook's lawyers have stated that the attacks on her are not about real estate paperwork but an attempt by President Trump to influence the Federal Reserve.

Brief written by urgent.news from CNBC, Associated Press, Investing.com, Financial Times, Winnipeg Free Press — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.