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Fed Lawyer Disputes Allegations Against US Federal Reserve Governor Lisa Cook

Guavy AI Editorial Team
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US Federal Reserve Governor Lisa Cook's lawyer has pushed back against allegations of wrongdoing that could lead to her removal from the board. In a letter to the White House, Abbe Lowell stated that the claims against his client are 'untried and unproven'.

The allegations in question relate to mortgage fraud and intentional wrongdoing, which Lowell denies. He emphasized that any oversight or mistake is not sufficient grounds for removal.

Lowell's letter comes as the White House has threatened to oust Cook from her position as a Federal Reserve Governor.

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