Jon Decker pressed White House press secretary Karoline Leavitt about whether Lisa Cook deserved due process before removal from the Federal Reserve Board. Leavitt said Cook filed a lawsuit and noted that Bill Pulte referred allegations to the Department of Justice. Leavitt asserted that mortgage receipts were shown to the president and provided cause for removal, as described in the president's letter. Cook's attorney Abbe Lowell argued the removal would be unprecedented and illegal under the Federal Reserve Act because an unsubstantiated pre-confirmation mortgage application allegation does not meet the required showing of cause. Economists warned that presidential influence over the Fed could create economic turmoil by undermining monetary policy independence.
He is going or acting upon allegations that have been made by Trump administration official Bill Pulte. These are just allegations. She hasn't been convicted yet of any crime. Is the administration opposed to allowing Ms. Cook to have due process to challenge what has been alleged against her? I believe she is challenging it. I believe she just filed a lawsuit today, and Mr. Pulte has referred those allegations over to the Department of Justice to investigate them, replied Leavitt, adding:
What I will say is that you had these mortgage receipts very clearly shown to the president, and he has the cause that he needs to fire this individual. He laid it out in the letter that he provided to her and to the public as well. And so we'll continue to fight this battle. This case challenges President Trump's unprecedented and illegal attempt to remove Governor Cook from her position,
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