President Trump has renewed efforts to fire Federal Reserve Governor Lisa Cook after the Supreme Court ruled she could keep her job.
According to Fox News, President Trump’s Deputy Chief of Staff sent a letter to Lisa Cook and informed her that Trump is considering removing her from her position over allegations of mortgage fraud.
“The letter asks Cook to send responses to allegations that she may have committed mortgage fraud within the next 21 days,” Fox News reported.
In June, the US Supreme Court said President Trump cannot fire Federal Reserve Governor Lisa Cook.
The high court, in a 5-4 vote, ruled that Trump cannot remove Cook.
Chief Justice Roberts wrote the majority opinion.
“To accept any of those arguments would in effect transform the Federal Reserve’s for-cause protection into at-will employment,” Roberts wrote.
Justice Thomas dissented.
Lisa Cook filed a lawsuit against President Trump, the Federal Reserve Board of Governors, and Federal Reserve Chairman Jerome Powell after Trump fired her last summer.
The Trump Administration previously asked the US Supreme Court to intervene after a federal appeals court blocked Trump from firing Lisa Cook.
DOJ Solicitor General John Sauer, in his petition to the Supreme Court, said the lower courts have interfered with the President’s authority to remove members of the Federal Reserve Board of Governors for cause.
Lisa Cook apparently owns three properties, and she allegedly committed mortgage fraud on all three properties.
According to housing regulator Bill Pulte’s first criminal referral, Lisa Cook committed mortgage fraud by lying on her mortgage application and falsifying bank statements when she designated her out-of-state Atlanta condo as her “primary residence”—just two weeks after taking a loan on her Michigan home, which she also claimed as her “primary residence.”
Last August, Pulte sent a second criminal referral on Lisa Cook after she was allegedly caught lying about a third property.
Lisa Cook’s attorneys laughably claimed there would be an inflation crisis if Trump were allowed to fire Cook.
President Trump responded to the Supreme Court’s decision to reject his effort to fire Lisa Cook.
“The Cook Lawsuit, having to do with her suitability in sitting on the Board of the Federal Reserve, was sent back by the Supreme Court on a strictly procedural basis, we will take appropriate action immediately to make sure that someone who has committed wrongdoing will not be making vital decisions concerning the Welfare of the United States of America! Thank you for your attention to this matter. President DONALD J. TRUMP” Trump said.
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