Source: United States & Canada – South China Morning PostUS Federal Reserve Governor Lisa Cook’s lawyer said she will launch a court challenge against US President Donald Trump’s effort to fire her.
A member of Trump’s administration filed a referral to the Justice Department over allegations involving mortgages Cook obtained in Georgia and Michigan.
“President Trump has no authority to remove Federal Reserve Governor Lisa Cook,” lawyer Abbe Lowell said in a statement emailed to reporters.
“His attempt to fire her, based solely on a referral letter,…Read More