"President Donald Trump's administration renewed its request Sunday for a federal appeals court to let him fire Lisa Cook from the Federal Reserve's board of governors, a move the president is seeking ahead of the central bank's vote on interest rates. The Trump administration filed a response just ahead of a 3 p.m. Eastern deadline Sunday to the U.S. Court of Appeals for the District of Columbia, arguing that Cook's legal arguments for why she should stay on the job were meritless."
"Sunday's filing is the latest step in an unprecedented effort by the White House to shape the historically independent Fed. Cook's firing marks the first time in the central bank's 112-year history that a president has tried to fire a governor. "The public and the executive share an interest in ensuring the integrity of the Federal Reserve," Trump's lawyers argued in Sunday's filing."
The Trump administration renewed its request to the U.S. Court of Appeals for the District of Columbia to allow President Donald Trump to fire Lisa Cook from the Federal Reserve's board of governors ahead of the central bank's interest-rate vote. The administration filed a response just before a 3 p.m. Eastern deadline, arguing that Cook's legal defenses were meritless. Cook's lawyers said the administration failed to show sufficient cause and warned firing a governor without proper cause could pose economic and national risks. Bill Pulte accused Cook of mischaracterizing two properties, submitted a criminal referral, and the Justice Department opened an investigation. Cook listed the condominium as a "vacation home" in a loan estimate, a detail that could affect claims of mortgage fraud.
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