Lawyer for Fed Governor Cook Denounces Trump’s New Investigation
A lawyer for Lisa Cook raised “significant concerns” over the “objectivity and fitness of the committee” assembled by President Trump as a way to remove her as a governor at the Federal Reserve.
Federal Reserve Governor Lisa Cook has vehemently opposed President Donald Trump's latest attempt to remove her from her position, with her legal representative, Abbe Lowell, casting doubt on the impartiality of a White House investigation into accusations of mortgage fraud against Cook. In a letter to the White House, obtained by Reuters on Tuesday, Lowell stated that Cook would be unable to attend a scheduled hearing on November 5, as she would be engaged in financial and monetary policy meetings in Europe.
Lowell further informed that the earliest a hearing could be conducted would be following the Fed's policy meeting scheduled for December 8-9. Trump has been endeavoring to fire Cook for over a year, in an attempt to gain greater control over the central bank, which he claims is politically motivated in its refusal to lower interest rates.
He has initiated a new inquiry into Cook's actions. Cook's legal team has maintained that a fair hearing would demonstrate the absence of any legal basis for her dismissal.
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