Lawyer for Fed Governor Cook says filing lawsuit to challenge Trump firing
The Peninsula
Washington: USFederal Reserve Governor Lisa Cook will be challenging President Donald Trump s attempt to remove her from the central bank, her lawyer...
Washington: US Federal Reserve Governor Lisa Cook will be challenging President Donald Trump's attempt to remove her from the central bank, her lawyer said on Tuesday, after the US leader ramped up pressure on the institution. "His attempt to fire her, based solely on a referral letter, lacks any factual or legal basis. We will be filing a lawsuit challenging this illegal action," said attorney Abbe Lowell in a statement.
The decision cited allegations of false statements on her mortgage agreements, claiming "there is sufficient cause to remove you from your position."
"I will not resign," said Cook, the first Black woman to serve on the central bank's board, in a statement shared with AFP by her attorney Abbe Lowell.
"President Trump purported to fire me 'for cause' when no cause exists under the law, and he has no authority to do so," she added.
Lowell pledged to "take whatever actions are needed to prevent his (Trump's) attempted illegal action."
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