White House National Economic Council Director Kevin Hassett said President Donald Trump would have the authority to fire Federal Reserve Governor Lisa Cook if cause for her removal is ultimately established, while ruling out the possibility that he could take her place on the central bank’s board.
In an Aug. 10 interview with CNBC, Hassett was asked about the independence of the Federal Reserve in the context of Trump’s renewed effort to remove Cook, who has denied allegations that she made false statements on mortgage documents.
Hassett broadly described the dispute as a “law enforcement matter” that would be resolved through legal due process….
Hassett Rules Out Replacing Fed’s Lisa Cook on Central Bank Board
