Federal Reserve Governor Lisa Cook‘s attorney told the White House that there is “no legally cognizable cause” to remove her from the central bank’s board, rejecting the mortgage-fraud allegations President Donald Trump has cited to justify her ouster.
‘No Legally Cognizable Cause’
“Governor Cook has never committed mortgage fraud or any intentional wrongdoing, and there is no legally cognizable cause for removing her from the Federal Reserve Board,” attorney Abbe David Lowell said in the letter on Wednesday, according to Reuters News.
Lowell said the allegations rely “on untried and unproven allegations of criminal wrongdoing,” and added that even if the underlying claims were true, they would not meet the legal standard required to remove a sitting Fed governor.
The White House did not immediately respond to Benzinga’s request for comment on Lowell’s letter, while Lowell & Associates, PLLC did not immediately respond to a request for access to the letter.
