{
  "id": 14423422,
  "title": "Fed Governor Cook’s lawyer denounces Trump’s latest attempt to remove her",
  "url": "https://urgent.news/2026/10/14/fed-governor-cooks-lawyer-denounces-trumps-latest-attempt-to-remove-14423422",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T09:49:25.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/banking-finance/fed-governor-cooks-lawyer-denounces-trumps-latest-attempt-remove-her"
  },
  "original_language": "en",
  "account": "Federal Reserve Governor Lisa Cook's legal team has criticized President Donald Trump's latest move to remove her from her role, questioning the impartiality of a White House investigation into allegations of mortgage fraud against her. Trump has been attempting to fire Cook for over a year, seeking to gain more control over a central bank he claims is resisting political motivations to lower interest rates. Cook has vehemently denied any wrongdoing and has filed a lawsuit to retain her position.\n\nEarlier this month, Trump announced a fresh inquiry into Cook and appointed a three-person committee to hold a hearing. If the committee endorsed his recommendation, he stated he would proceed with her dismissal. Cook's legal representative, Abbe Lowell, pointed out that one of the committee members, White House economic policy advisor Kevin Hassett, previously pressured Cook to take leave from her office and suggested Trump had \"cause\" to fire her. Lowell emphasized that a hearing with known biases, undisclosed further allegations, and unclear scheduling for any evidence disclosure would not uphold the appearance or tradition of independence.\n\nLowell stated that Cook would not be able to attend the hearing scheduled for November 5th due to her obligations at financial and monetary policy meetings in Europe. The earliest Cook could participate in any hearing would be after the Federal Reserve's policy meeting scheduled for December 8-9, according to Lowell.\n\nA Supreme Court ruling earlier this year prevented Trump from unilaterally firing a Fed governor, emphasizing the importance of the Fed's political independence in both fact and appearance to carry out its duties. However, the ruling also outlined a course for potential removal if a Fed official receives a fair chance to review the evidence of allegations and has an opportunity to respond.\n\nThe White House seems to be pursuing this path. The Federal Reserve increased its policy rate in September and is anticipated to do so once more at its final meeting of the year.",
  "summary": "Cook denies mortgage fraud and has sued to keep her job",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "The New York Times",
        "title": "Lawyer for Fed Governor Cook Denounces Trump’s New Investigation",
        "url": "https://urgent.news/2026/10/13/lawyer-for-fed-governor-cook-denounces-trumps-new-investigation",
        "published": "2026-10-13T21:03:30.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Lawyer for Fed’s Cook denounces Trump’s latest attempt to remove her",
        "url": "https://urgent.news/2026/10/13/lawyer-for-feds-cook-denounces-trumps-latest-attempt-to-remove-her",
        "published": "2026-10-13T21:48:40.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Fed governor Cook’s lawyer denounces Trump’s latest attempt to remove her",
        "url": "https://urgent.news/2026/10/13/fed-governor-cooks-lawyer-denounces-trumps-latest-attempt-to-remove",
        "published": "2026-10-13T22:48:05.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Fed Governor Cook's lawyer denounces Trump's latest attempt to remove her",
        "url": "https://urgent.news/2026/10/14/fed-governor-cooks-lawyer-denounces-trumps-latest-attempt-to-remove",
        "published": "2026-10-14T00:05:38.000Z"
      },
      {
        "outlet": "Hindustan Times - World News",
        "title": "Fed Reserve Governor Lisa Cook’s lawyer denounces Trump’s latest firing bid after year-long fight",
        "url": "https://urgent.news/2026/10/14/fed-reserve-governor-lisa-cooks-lawyer-denounces-trumps-latest-firing",
        "published": "2026-10-14T01:08:57.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}