All articles tagged with #fed governor lisa cook
The Supreme Court has allowed Federal Reserve governor Lisa Cook to remain in her position until at least January while a legal case over whether President Trump can fire her is heard, highlighting issues of central bank independence and presidential authority.
President Trump has taken his legal fight to remove Federal Reserve Governor Lisa Cook to the Supreme Court, arguing for her immediate dismissal based on alleged mortgage fraud, while Cook's team contends her removal would disrupt the economy and violate her due process rights. The case involves questions about the President's authority to remove Fed officials for cause and the legal procedures surrounding such removals.
President Donald Trump appealed a federal judge's order that temporarily blocked him from firing Federal Reserve Governor Lisa Cook, citing concerns over Fed independence and legal procedures, amid ongoing litigation over her removal.
President Donald Trump announced the immediate removal of Federal Reserve Governor Lisa Cook, citing mortgage fraud allegations related to her primary residence declarations, which could lead to a legal showdown and impact the Fed's independence.