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US President Trump has once again pushed for the dismissal of Federal Reserve Governor Lisa Cook. The White House sent a letter to Cook this week saying Trump is “considering” removing her from office and asking her to respond to accusations of mortgage fraud within three weeks. Cook's lawyer said the allegations were “unfounded.” According to a letter signed by White House Deputy Chief of Staff Dan Scavino, Cook is suspected of criminal acts that could face up to 30 years in prison. The related acts constituted dereliction of duty and affected his credibility as a board member of the Federal Reserve. Attorney Cook said there was no legal reason to dismiss him and would continue to challenge the move. Trump tried to fire Cook last year, citing accusations of mortgage fraud. The US Supreme Court ruled in June this year that Trump would not be allowed to dismiss Cook from office for the time being, holding that Cook should obtain procedural guarantees stipulated by law before being dismissed.
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US President Trump has once again pushed for the dismissal of Federal Reserve Governor Lisa Cook. The White House sent a letter to Cook this week saying Trump is “considering” removing her from office and asking her to respond to accusations of mortgage fraud within three weeks. Cook's lawyer said the allegations were “unfounded.” According to a letter signed by White House Deputy Chief of Staff Dan Scavino, Cook is suspected of criminal acts that could face up to 30 years in prison. The related acts constituted dereliction of duty and affected his credibility as a board member of the Federal Reserve. Attorney Cook said there was no legal reason to dismiss him and would continue to challenge the move. Trump tried to fire Cook last year, citing accusations of mortgage fraud. The US Supreme Court ruled in June this year that Trump would not be allowed to dismiss Cook from office for the time being, holding that Cook should obtain procedural guarantees stipulated by law before being dismissed.
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