Trump Administration Appeals Ruling, Seeks to Fire Fed Governor Over Mortgage Allegations
The Trump administration is moving forward with its efforts to fire Federal Reserve governor Lisa Cook over mortgage fraud allegations, two months after the Supreme Court allowed her to retain her job. The court had given her permission to remain in her post while she challenges her firing in a lawsuit.
According to a letter obtained by AP News, White House aide Dan Scavino told Cook that President Donald Trump was 'considering removing you from your position' and would give her until August 26 to challenge it. The attempt to fire Cook is rooted in a criminal referral made last August by Bill Pulte, the director of the Federal Housing Finance Agency.
Cook has aggressively defended herself against the allegations, saying that Trump had tried to oust her 'on a manufactured pretext because I refused to bow to political pressure and continued to set interest rates based only on what would best serve the American people.'