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lite.cnn.com - on gopher - inofficial |
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ARTICLE VIEW: |
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Trump administration moves forward with push to fire Fed governor Lisa |
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Cook |
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By Auzinea Bacon, CNN |
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Updated: |
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5:59 PM EDT, Sun September 14, 2025 |
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Source: CNN |
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The Trump administration on Sunday renewed its request to a federal |
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appeals court to fire Lisa Cook, a Federal Reserve governor who has |
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faced political scrutiny in recent weeks. |
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The move comes ahead of the independent central bank’s this week. |
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President Donald Trump has repeatedly called for the Fed to slash |
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interest rates while publicly Fed chair Jerome Powell. |
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The Trump administration filed its request to the US Court of Appeals |
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for the District of Columbia ahead of Sunday’s 3 p.m. ET deadline. |
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The Trump administration called Cook’s claims to stay on the board |
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“meritless,” adding that concerns over whether Cook misrepresented |
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her finances pose concerns as to “whether Cook can be trusted to act |
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with forthrightness, care, and disinterest in managing the U.S. money |
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supply.” |
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Lowell & Associates, which is representing Cook, did not respond to |
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CNN’s request for comment |
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On Saturday, Cook’s legal team requested that the court reject |
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Trump’s bid to remove her from the board because the administration |
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did not show sufficient cause to fire her. Cook’s lawyers also argued |
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that allowing her to be fired threatens the bank’s independence and |
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the nation’s economic stability. |
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“As economists have warned, everyday Americans ultimately would pay |
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the price: higher prices ‘via higher inflation and higher interest |
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rates’ that result ‘when central bank independence is lost,’” |
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Cook’s lawyers said. |
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Cook has been under fire for accusations of mortgage fraud, which were |
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by Federal Housing Finance Agency Director Bill Pulte. Trump said on |
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August 25 that he would remove Cook from her position because of the |
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accusation. |
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