Lisa Cook’s lawyer says Trump lacks legal basis to remove Fed governor
Summary
Lisa Cook's lawyer, Abbe Lowell, says President Trump lacks legal grounds to remove her from the Federal Reserve Board. He argues that alleged errors on primary-residence mortgage applications were inadvertent and did not amount to fraud.
The dispute now turns on whether alleged mortgage misstatements meet the legal standard for removing
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The case could establish how much political control a president can exert over Federal Reserve governors.