The Justice Department has filed a response to Federal Reserve Governor Lisa Cook's lawsuit over her Monday firing - claiming that the President was within his right to boot her over allegations of mortgage fraud (with a third property disclosed by Federal Housing Finance Agency (FHFA) Director Bill Pulte last night), and that Cook is "highly unlikely to prevail on the merits." Trump's legal team argues that the Federal Reserve Act (FRA) gives the President “broad discretion” to remove governors "for cause" and that courts cannot second-guess that judgment: The Federal Reserve Act (FRA) empowers the President of the ... (full story)