Fed Governor Lisa Cook sues Trump to block her firing
US Federal Reserve Governor Lisa Cook is talking at the Washington DC on Thursday, October 6, 2022 at the Washington DC, at the US Peterson International Institute of Economics.
Ting Shen | Bloomberg | Getty Images
Federal Reserve Board of Directors Lisa Cook filed a lawsuit against President Donald Trump on Thursday to prevent him from attempting to ignite him. Supreme Court.
Washington called the FED President Jerome Powell and the Governor Board as the defendant.
Trump said on Monday that he had removed Cook because of his allegations of mortgage fraud in connection with his two housing properties.
“This case, President Trump’s governor’s chef, is allowed to take place before the first example of the species in the history of the organization,” this case is unseen and illegal attempt. ” case.
“The Federal Reserve Act will clearly require a ‘reason’ to remove a governor who does not make an unfounded claim about the special mortgage applications submitted by the Governor Cook before the approval of the Senate.”
Cook asks the court to declare Trump’s ignition order as “illegal and invalid” and confirmed that he remains a member of the board of directors.
He also wants the court to decide why the allegations about mortgages do not form “inefficiency, task neglect, ill -treatment or comparable abuse in the task”.
The Powell and the FED Board are only sued by the extent that they claim that “President Trump is the termination of the Governor Cook”.
CNBC, the White House asked for a comment about the case. The Fed refused to comment.
Trump’s effort to ignite Cook months later, after complaining that Powell and other members of the board of directors did not reduce interest rates as they wish.
The allegations against Cook first appeared from Federal Housing Finance Director Bill Pulte and an aggressive supporter of Trump’s Powell criticism.
Pulte sent a criminal referral to the Ministry of Justice, which would investigate the demands of mortgage against Cook. Pulte, Doj and the White House, Cook’s claims to quickly quit in the light of the allegations.
The letter of termination for Trump’s reality to make social publicly open, Cook promised to “continue to run my duties to help the American economy since 2022”.
The key question for the case is whether a judge and ultimately agree that Trump’s so -called causing Trump to expel him.
. Federal Reserve Law He says that a president can only remove a member of the Fed’s governor’s board for “case”.
Cook was not accused of any crime, including mortgage fraud, and did not prove much less.
If Trump was successful in removing Cook, he would follow the majority of the seven members of the Fed Governor’s Office.
“We will have the majority in a very short time,” he said during a cabinet meeting on Tuesday. “So this will be great.”
This is the last minute news. Check it again for updates.
– CNBCs Dan manganese He contributed to this report.
