Fed's Lisa Cook fires back against Trump's renewed bid to oust her
New Delhi, Aug. 27 -- Federal Reserve governor Lisa Cook pushed back against the latest bid to remove her from the central bank, sending a five-page letter and exhibits to the White House on Wednesday to defend her actions in acquiring two properties in 2021.
After the Supreme Court blocked President Donald Trump's quest to fire Cook, the White House issued a letter earlier this month stating the administration again intends to pursue her termination.
Cook was ordered to provide a written explanation within 21 days responding to allegations she made false claims on mortgage documents that may have secured her more favorable loan terms.
"Governor Cook has never committed mortgage fraud or any intentional
wrongdoing, and there is no leg...
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