Forex
Trump Administration Seeks to Fire Fed Governor Over Mortgage Fraud Allegations
The Trump administration is moving forward with its effort to fire Federal Reserve governor Lisa Cook. This comes two months after the Supreme Court allowed her to remain in her position while she contests the president's decision to terminate her over mortgage fraud allegations that she has denied.
The justices had ruled in June that Cook, who was nominated to the Fed's Board of Governors by President Joe Biden, could stay on as long as her lawsuit challenging her firing continues. The Trump administration is appealing a lower-court ruling in Cook's favor.