-
Lisa Cook will sue over Trump firing from Fed board, her lawyer says
Federal Reserve Board Governor Lisa Cook will file a lawsuit challenging her removal by President Donald Trump, her attorney said Tuesday. “President Trump has no authority to remove Federal Reserve Governor Lisa Cook,” the lawyer, Abbe Lowell, said in a statement, a day after Trump cited allegations of mortgage fraud by Cook in firing her. “His attempt to fire her, based solely on a referral letter, lacks any factual or legal basis,” Lowell said. “We will be filing a lawsuit challenging this illegal action.” The White House and the Justice Department did not immediately respond to CNBC’s requests for ... (full story)
- Comments / Top
- Subscribe
Polimini
Aug 27, 2025 5:49am
Permalink
chemosi
Aug 27, 2025 12:43pm
Permalink
Trader#A306
Aug 27, 2025 1:29am
Permalink
dovishhawk1
Aug 27, 2025 1:38am
Permalink
Trader#D4AD
Aug 27, 2025 11:34am
Permalink
Trader#2FDF
Aug 27, 2025 2:15am
Permalink
-
Related Stories
FED'S LISA COOK IS GOING TO COURT TO CHALLENGE HER FIRING FED'S LISA COOK'S LAWYER FILES LAWSUIT CHALLEGING PRESIDENT TRUMP'S FIRING - BBG #Cook #FederalReserve #Trump
New York Federal Reserve President John Williams on Wednesday stressed the importance of central bank independence as President Donald Trump looks to exert control over monetary policy. In a CNBC interview, the influential policymaker avoided commenting directly on Trumps efforts to fire Fed Governor Lisa Cook but did note the important economic role the ...
President Donald Trump promised voters last fall hed swiftly defeat inflation once back in the White House. Trumps unprecedented and relentless attacks on the Federal Reserve could do the exact opposite. While Trump is the first US president to try to fire a Federal Reserve governor, hes hardly the first politician to seek lower interest rates. Of ...