Federal Reserve Governor Lisa Cook has again rejected repeated, unproven mortgage fraud allegations raised by Donald Trump, according to BlockBeats, citing Jin10. The dispute comes as Trump considers whether to revive an effort to remove Cook from the Federal Reserve Board, a move the report said would likely trigger another sharp legal fight over the Fed’s independence. In a letter sent to the White House on Wednesday, Cook’s lawyer called the allegations groundless and false. The letter said Cook had never committed mortgage fraud or any intentional misconduct, and argued there is no legal basis to remove her from the Federal Reserve Board. The latest exchange keeps the focus on the legal and institutional questions tied to any attempt to dismiss a sitting Fed governor.
Federal Reserve Governor Lisa Cook has again denied repeated, unproven mortgage fraud allegations raised by Donald Trump, according to BlockBeats, citing Jin10.
Trump is considering whether to restart an effort to remove Cook, a step that would likely set off another intense legal fight over the Federal Reserve’s independence.
Lawyer rejects allegations in letter to the White House
In a letter sent to the White House on Wednesday, Cook’s lawyer said the allegations were groundless and false.
The letter stated: “Governor Cook has never committed mortgage fraud or any intentional misconduct, and there is no legal justification for removing her from the Federal Reserve Board.”
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