Federal Reserve Governor Lisa Cook pushed back Tuesday after President Donald Trump announced her dismissal over allegations of mortgage fraud, saying there is “no cause” for her termination under the law.
Cook’s Response: “I Will Not Resign”
Hours after Trump announced her removal, Cook issued a statement through her new attorney, Abbe Lowell — best known for representing Hunter Biden.
“President Trump purported to fire me ‘for cause’ where no cause exists under the law, and he has no authority to do so,” Cook said. “I will not resign. I will continue to carry out my duties to help the American economy as I have been doing since 2022.”
Lowell accused Trump of bypassing due process. “President Trump has taken to social media to once again ‘fire by tweet,’ and once again his reflex to bully is flawed and his demands lack any proper process, basis or legal authority,” Lowell said, adding he would take “whatever actions are needed” to block the firing.
The Allegations
Trump’s move followed a criminal referral filed by Federal Housing Finance Agency Director Bill Pulte, who accused Cook of mortgage