WASHINGTON — Federal Reserve Governor Lisa Cook sued President Trump in federal court Thursday for trying to fire her over mortgage fraud allegations.
The embattled Fed governor’s lawyers asked for a judge to block the president’s immediate attempt to oust her, which would allow her to keep her job while the case proceeds in Washington, DC, federal district court.
Cook, whose term is set to expire in 2038, recently retained ex-Hunter Biden attorney Abbe Lowell to defend her in the legal challenge.
“The President exercised his lawful authority to remove a governor on the Federal Board of Governors for cause,” White House spokesman Kush Desai told The Post..
“The President determined there was cause to remove a governor who was credibly accused of lying in financial documents from a highly sensitive position overseeing financial institutions. The removal of a governor for cause improves the Federal Reserve Board’s accountability and credibility for both the markets and American people.”
