Trump petitions Supreme Court to allow him to dismiss Lisa Cook from the Federal Reserve role
In a recent development, President Donald Trump has filed an emergency appeal with the United States Supreme Court to stay the lower court order blocking the removal of Federal Reserve Governor Lisa Cook. The administration argues that lower courts have no authority to second-guess the president's judgment on what constitutes "cause" for her removal, as allowed under federal law.
The controversy surrounding Cook's removal began earlier this month when Trump announced his intention to fire her over allegations of mortgage fraud. These allegations were raised by Federal Housing Finance Agency Director Bill Pulte, who claimed that Cook improperly designated both her homes in Georgia and Michigan as her primary residence.
Cook, through an attorney, has denied any wrongdoing regarding these mortgage fraud allegations. However, the government insists that these allegations constitute sufficient grounds for her removal. The administration cites recent Supreme Court decisions upholding the president's firing of members of independent agencies during the pendency of litigation.
Solicitor General John Sauer wrote that the President may reasonably determine that interest rates paid by the American people should not be set by a Governor who appears to have lied about facts material to the interest rates she secured for herself. Cook has not publicly explained apparent discrepancies on publicly available mortgage documents that list two personal homes as primary residences.
Despite the allegations, Cook has stated that she would continue to serve in her role as a Fed governor, and has even filed a suit against Trump over his move to fire her. It is unclear at this time whether Cook will respond to the Supreme Court's request for a response before a decision is made on whether to intervene in the case.
Meanwhile, the administration is also facing criticism for its efforts to remove the US attorney for resisting efforts to charge New York AG. Sources indicate that the administration is poised to fire other individuals, including Erika Kirk, who has been elected as the new CEO for Turning Point USA, following her husband's death.
It is important to note that this article does not provide information about the outcome of the criminal investigation into Federal Reserve Governor Lisa Cook. The Supreme Court's decision on whether to intervene in the case could have significant implications for the future of Cook's tenure on the Federal Reserve Board. Stay tuned for updates on this developing story.
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