Federal Reserve Governor Lisa Cook Doubled After President Trump left on Monday, on the fast to resign from Fed To firing the board member On allegations of hostage fraud.
In a statement, Cook argued that the President had “no right” to remove him from his post.
“President Trump, when there is no reason for the ‘reason for me’ to fire me, and they have no right to do so,” he said in a statement received by Hill’s sister Network Newsnapping. “I will not resign.”
Cook said, “I will continue to fulfill my duties to help the American economy as I have been doing since 2022.”
Trump last week Fed governor calledThose who were appointed by former President Biden in 2022 following the allegations of Bill Pulte -Trump’s associate and Federal Housing Finance Agency (FHFA) to resign – that they committed hostage cheating by listing two primary residences. The President said that he will do Try to remove cook If he did not resign.
In his early allegations, Pulte was allegedly involved in the photographs of the Cook -related document signature, which applied to two separate primary residences, one in Michigan and the other as “Atlanta Kondo”.
The President has the right to set fire to the members of the Federal Reserve Board of Governors for the reason, but it is not clear that the allegations against Cook will reach that standard.
“I have determined that you have enough reason to remove from your position,” Trump wrote in a letter to cook, which was posted in the truth social.
“The Federal Reserve has tremendous responsibility to determine interest rates and regulate the reserve and member banks,” he said. “American people should be able to determine the policy and to maintain honestly of the members assigned to oversee the Federal Reserve.”
The President said, “In the light of your fraud and potential criminal conduct in the financial affair, they cannot do and I do not believe in your integrity.”
Cook has retained Washington Attorney Abbe Lowell, a prominent Washington, to represent him.
Lowell said in a statement on Monday, “President Trump has once again taken social media on a ‘tweet fire’ and once again his reflex is flawed for bullying and his demands lack any appropriate process, base or legal right.”
“We will do whatever action we need to stop our illegal action,” he said.
