Trump Targets Federal Reserve Governor Lisa Cook Again Over Mortgage Fraud Claims
Donald Trump's latest move to oust US Federal Reserve governor Lisa Cook has been met with resistance from her legal team and allies, who argue that the allegations of mortgage fraud are baseless.
The White House notified Cook via letter that they were considering removing her from her position due to the same claims that led to Trump's initial attempt to fire her last summer. The letter cited a recent Supreme Court decision that ruled 5-4 in Cook's favor, stating that she was entitled to stay on as Fed governor while fighting the allegations.
Cook's lawyers have responded swiftly, calling the allegations 'as baseless now as they were a year ago' and vowing to challenge Trump's latest move. They argue that there is no valid cause for removing Cook from her position, citing Supreme Court precedent.