politics
Trump Revives Effort to Fire Fed's Lisa Cook
Trump aide Dan Scavino told Cook there is "sufficient reason to believe that you made false statements on one or more mortgage agreements."
TL;DR
- The White House is considering firing Federal Reserve Governor Lisa Cook.
- A White House aide sent Cook a letter citing "sufficient reason to believe that you made false statements on one or more mortgage agreements."
- This is a revival of a previous attempt by President Trump to fire Cook, which was blocked by the Supreme Court.
- The Supreme Court's ruling allowed Trump to try again to remove Cook over the allegations.
- Cook's lawyer stated the allegations are baseless and will be challenged.
- Trump's initial attempt to fire Cook occurred as he pressured the Fed to lower interest rates.
- The mortgage allegations were reportedly surfaced by Federal Housing Finance Agency Director Bill Pulte.