Federal judge ruled Fed Board member Lisa Cook can stay in her position while suing Donald Trump, who has an unprecedented bid to fire her.
Cook legally challenged his mortgage fraud charges after the U.S. president tried to remove him, an extraordinary campaign his administration aims to strengthen control of the U.S. central bank.
She asked U.S. District Judge Jia CobbImmediately“She was dismissed, before further litigation. The administration argued that Trump was able to fire the governor of feed “for reasons” and appoint a replacement.
Trump spent several months Attack the Fedso far, most policy makers (including Cook) have no call to lower interest rates. He talked about the rapid establishment of a “majority” on the central bank’s board of directors and questioned its long-standing future of political oversight.
Trump moved to the chef after one of his ally Bill Pulte led the U.S. federal housing finance agency, who claimed she claimed she claimed two different properties as the primary residence when she received a mortgage in 2021.
“How should she be responsible for the interest rate if the woman allegedly lied to help her interest rate?” Pulte wrote on X. He forwarded the case to the Department of Justice for investigation.
After Cook refused to resign, Trump tried to remove her from the Fed’s board of directors. The Ministry of Justice is Watch now Allegations involving mortgage fraud.
In court documents, Cook’s attorney insisted that she outlined the case “never committed mortgage fraud.”
According to her representatives, Joe Biden first nominated Cook to join the Fed’s board in 2022, giving her details on mortgage arrangements for multiple federal agencies. “The government has long known about the so-called facial contradictions in Governor Cook’s financial documents.”
For example, on a background questionnaire, Cook said she has listed a Michigan property as her primary residence and a second home in Georgia.
On another questionnaire, she listed two houses as her “now” residence. Michigan property serves as her “current permanent residence”; the third property in Massachusetts is the current residence and the second home and rental property, she said.
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A wellness enthusiast and certified nutrition advisor, Meera covers everything from healthy living tips to medical breakthroughs. Her articles aim to inform and inspire readers to live better every day.
