Trump Renews Threat to Fire Fed Governor Lisa Cook Amid Mortgage Fraud Allegations
Federal Reserve Governor Lisa Cook has hit back at President Trump's renewed threat to fire her. In a statement, Cook's lawyers argued that there is no legal basis for Trump to remove her from her position on the central bank's governing board.
Cook had been accused by the Trump administration of committing mortgage fraud after she allegedly declared two homes as 'primary residences' in mortgage applications. However, Cook claimed that any errors were unintentional and did not rise to a level that justified her firing.
The Supreme Court had ruled last year that Cook could remain in her position while the case against her was litigated. Trump's renewed threat has sparked concerns that he may try to fire Cook again if he provides proper notice and gives her a chance to contest it.