2 weeks ago
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(NewsNation) — Federal Reserve Governor Lisa Cook has vowed not to permission her post, contempt President Donald Trump's effort to occurrence her implicit alleged owe fraud.
"President Trump purported to occurrence maine ‘for cause’ erstwhile nary origin exists nether the law, and helium has nary authorization to bash so," Cook said successful a connection obtained by NewsNation.
"I volition not resign. I volition proceed to transportation retired my duties to assistance the American system arsenic I person been doing since 2022," she continued.
Trump announced Monday he's moving to occurrence Cook pursuing allegations from Bill Pulte, a Trump state and the caput of the Federal Housing Finance Agency. Pulte claimed that Cook committed fraud by listing 2 superior residences.
“I person determined that determination is capable origin to region you from your position,” Trump wrote in a missive to Cook, which helium posted to Truth Social connected Monday.
Cook was appointed by erstwhile President Joe Biden, and has retained salient Washington, D.C., lawyer Abbe Lowell to correspond her.
“President Trump has taken to societal media to erstwhile again ‘fire by tweet’ and erstwhile again his reflex to bully is flawed and his demands deficiency immoderate due process, ground oregon ineligible authority. We volition instrumentality immoderate actions are needed to forestall his attempted amerciable action,” Lowell said successful a abstracted statement.
NewsNation spouse The Hill contributed to this report.
