WASHINGTON (AP) — The Trump administration is moving ahead with its efforts to fire Federal Reserve governor Lisa Cook, two months after the Supreme Court allowed her to retain her job while she fights the president’s effort to terminate her over mortgage fraud allegations that she has denied.The justices, in a 5-4 decision in June, said Cook, who was nominated to the Fed’s Board of Governors by President Joe Biden, could remain in her post at least as long as her lawsuit challenging her firing goes on. The Trump administration is appealing a lower-court ruling in Cook’s favor.Supreme Court Chief Justice John Roberts wrote in a footnote in his opinion that nothing forbids President Donald Trump from “trying again” to fire Cook, provided she is given proper notice and a chance to contest it. Trump indicated, after the opinion, that he would do just that, vowing to “take appropriate action immediately.”
In a letter this week obtained by The Associated Press, White House aide Dan Scavino told Cook that Trump was “considering removing you from your position” but cited the Supreme Court’s requirement of proper notice in giving her until August 26 to challenge it.The attempt to fire Cook is rooted in a criminal referral made last August by Bill Pulte, the director of the Federal Housing Finance Agency, that accused her of committing mortgage fraud by declaring two different homes – one in Ann Arbor, Michigan, and one in Atlanta – as “primary residence.’’ Homebuyers can get lower mortgage rates or smaller down payments on their primary homes compared to second or vacation homes.
