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Justice Department Backs Trump’s Move to Oust Fed Governor Cook Over Mortgage Fraud Allegations
Justice Department Backs Trump’s Move to Oust Fed Governor Cook Over Mortgage Fraud Allegations
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BTCCSquare news:
The U.S. Justice Department has filed a motion supporting President Trump's attempted removal of Federal Reserve Governor Lisa Cook, citing alleged mortgage fraud. The filing argues courts should not "second guess" the president's authority to dismiss Cook, who claims her ouster was politically motivated to influence interest rate policy.
New subpoenas reveal an active criminal investigation into Cook's property mortgages, stemming from allegations first raised by FHFA Director Bill Pulte. The case highlights escalating tensions between the WHITE House and the Federal Reserve over monetary policy independence.
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