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Trump administration moves ahead with efforts to fire Federal Reserve governor Lisa Cook
['Associated Press']
WXXV News 25WXXV News 25
WASHINGTON (AP) — The Trump administration is moving ahead with its efforts to fire Federal Reserve governor Lisa Cook, two months after the Supreme Court allowed her to retain her job while she fights the president’s effort to terminate her over mortgage fraud allegations that she has denied.
A month later, she purchased a condominium in Atlanta and, in a July 2021 document, also referred to it as her “primary residence.”
Cook also referred to it as a second home in federal filings during her confirmation process to become a Fed governor.
“These allegations are as baseless now as they were a year ago when President Trump tried to remove Governor Cook and interfere with the independence of the Federal Reserve,” Lowell said in a statement.
“No matter what President Trump tries to do next, this much is clear under the facts and Supreme Court precedent — there is no valid cause for removing Governor Cook.