❓WHAT HAPPENED: President Donald J. Trump requested a judge deny Federal Reserve Governor Lisa Cook’s bid to block her removal as her lawsuit proceeds in court.
👤WHO WAS INVOLVED: President Trump, Lisa Cook, Federal Reserve Chairman Jerome Powell, and Federal Housing Finance Agency Director Bill Pulte.
📍WHEN & WHERE: Court filings were made on Friday morning, ahead of a scheduled hearing in Washington, D.C.
💬KEY QUOTE: The Federal Reserve stated it would “follow any order this Court issues.”
🎯IMPACT: The dispute will likely escalate to the Supreme Court for resolution regardless of the hearing’s outcome.
On Friday morning, President Donald J. Trump filed a request asking a judge to deny Federal Reserve Board Governor Lisa Cook’s attempt to block her removal. The filings were submitted just hours before a scheduled hearing in U.S. District Court in Washington, D.C.
Cook’s lawsuit, filed Thursday, alleges that Trump’s decision to terminate her is unlawful. She has requested a temporary restraining order to prevent her removal while the case is litigated. Trump has cited allegations from Federal Housing Finance Agency Director Bill Pulte, who accused Cook of mortgage fraud involving properties in Atlanta and Ann Arbor, Michigan, prior to her tenure at the Federal Reserve.
On Thursday night, Pulte announced he had filed a second criminal referral against Cook with the Department of Justice (DOJ). This referral reportedly pertains to a mortgage for a condominium in Cambridge, Massachusetts, as well as alleged misrepresentations about that property and two others in government ethics filings during Cook’s time as a Fed governor.
The Federal Reserve, in its own court filing, stated it would not argue the merits of Cook’s request but asked Judge Jia Cobb to issue a “prompt ruling” to resolve the matter. The central bank also emphasized its intention to comply with any court order issued in the case. Cook has included Federal Reserve Chairman Jerome Powell and the Fed Board of Governors in her lawsuit, asserting that they could potentially act to enforce Trump’s decision to fire her.
Notably, Supreme Court precedent appears to be on President Trump’s side. Two early 20th-century cases, Shurtleff v. United States and Reagan v. United States, both grant the President broad authority to remove executive branch officials in cases where “for cause” statutes are vaguely defined.
Join Pulse+ to comment below, and receive exclusive e-mail analyses.