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Federal Reserve Governor Lisa Cook sues Trump over firing, setting up independence battle
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Arizona Mirror
WASHINGTON — Lisa Cook, a Federal Reserve governor, sued President Donald Trump Thursday, calling his move to fire her an “unprecedented and illegal attempt” that jeopardizes the independence of the board.
“The operational independence of the Federal Reserve is vital to its ability to make sound economic decisions, free from the political pressures of an election cycle,” according to the suit.
The suit asks the district court to allow Cook to continue serving on the Fed as she challenges her removal.
In a statement to States Newsroom, White House spokesperson Kush Desai defended the president’s decision to remove Cook.
The allegations of mortgage fraud stem from Bill Pulte, the director of the Federal Housing Finance Agency.
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