Trump weighs ousting Fed Governor Lisa Cook after Supreme Court ruling
TL;DR
President Trump is reportedly weighing removing Federal Reserve Governor Lisa Cook following a White House letter alleging false mortgage statements. The move comes after a Supreme Court ruling that Cook must be given notice and an opportunity to respond before any removal “for cause,” illustrating the limits on presidential power over Fed governors. Cook’s team says the allegations are baseless and will be challenged, arguing the effort would threaten Fed independence.
Topics:businesspolitics-and-government#federal-reserve#lisa-cook#politics-and-government#removal-from-fed#supreme-court#trump
- Trump considers moving forward with removal of Fed governor Lisa Cook Yahoo Finance
- Trump informs Lisa Cook that he is “considering” her removal scotusblog.com
- Trump Restarts Battle to Fire Sitting Fed Governor Lisa Cook The New York Times
- Trump renews effort to fire Fed's Cook, continuing attacks on central bank reuters.com
- White House renews its attempt to remove Fed Governor Lisa Cook CNN
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