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Trump considering renewing push to fire Lisa Cook from Federal Reserve Board

Fox Business · back to the audit
President Donald Trump is considering renewing his push to fire Federal Reserve Governor Lisa Cook over mortgage fraud allegations amid an ongoing legal debate over the president's ability to remove members of the independent central bank, FOX Business has learned.

Scavino letter: "hereby provided notice that the President is considering removing you from your position" / "sufficient reason to believe that you made false statements on one or more mortgage agreements" / "with your explanation for your false statements and accompanying evidence within 21 days" / "The criminal letter and this letter set forth the allegations. This is your opportunity to respond."

Roberts (majority): "That would turn for-cause protection into little more than at-will employment."

Cook: "was never about mortgage documents signed years before I became a Federal Reserve governor" / "manufactured pretext" / "guided by evidence and independent judgment, free from political interference"

The article reports Scavino, White House Personnel Office Director, wrote to Cook this week; the letter cites "sufficient reason to believe that you made false statements on one or more mortgage agreements" and requests a written response within 21 days. Trump "first attempted to fire Cook last summer, and the courts blocked that move while her legal challenge plays out." The allegations originated with FHFA Director Bill Pulte, who "submitted a criminal referral to the Justice Department."

Scavino's letter references the Supreme Court's determination that Cook is "entitled to notice of the allegations against you and an opportunity to respond prior to your removal."