Trump administration proceeds with efforts to fire Federal Reserve governor Lisa Cook
Eric Tucker, Associated Press Eric Tucker, Associated Press Paul Wiseman, Associated Press Paul Wiseman, Associated Press 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. Read the White House's letter to Cook obtained by PBS News by clicking below. The justices, in a 5-4 decision in June, said Cook, who was nominated to the Fed's Board of Governors by President Joe Biden, could remain in her post at least as long as her lawsuit challenging her firing goes on. The Trump administration is appealing a lower-court ruling in Cook's favor. Please check your inbox to confirm.
The text below was supplied by the Scoop Newsroom app. Third-party reporting is attributed in the source panel.
The latest White House letter largely rehashes the year-old allegations. "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.
