The Trump administration asked the Supreme Court on Sept. 18 to grant an emergency order ousting Lisa Cook, a member of the Federal Reserve Board of Governors, from her post.
President Donald Trump alleges that Cook committed mortgage fraud related to two properties she purchased before joining the Fed.
The White House says the fraud allegations—which Cook denies—are serious enough that the president is allowed to fire Cook.
Trump fired Cook on Aug. 25, the first time a president has ever moved to end the tenure of a Fed board member, citing his authority under the Federal Reserve Act. He said in a letter posted online that he determined there was “sufficient reason to believe [she] may have made false statements on one or more mortgage documents.”…
Trump Asks Supreme Court to Remove Lisa Cook as Fed Governor
