Trump Admin Seeks to Fire Federal Reserve Governor Lisa Cook Again
The Trump administration is moving forward with its efforts to fire Federal Reserve governor Lisa Cook. This comes after the Supreme Court allowed her to retain her job in June, pending the outcome of a lawsuit challenging her firing over mortgage fraud allegations.
Cook was nominated to the Fed's Board of Governors by President Joe Biden and has denied the allegations, calling them 'baseless' and stating that she had properly declared two homes as her primary residence. According to the Supreme Court's decision, nothing prevents President Donald Trump from trying again to fire Cook, provided she is given proper notice and a chance to contest it.
The White House has notified Cook that she will be considered for removal on August 26, citing the Supreme Court's requirement of proper notice. However, her lawyer, Abbe Lowell, argues that the allegations are 'as baseless now as they were a year ago' and that there is no valid cause for removing Cook.