Fed Governor Lisa Cook to keep job until SCOTUS rules on firing

Federal Reserve Governor Lisa Cook will keep her position while the Supreme Court considers arguments over the president's authority to fire her amid allegations of mortgage fraud.

The court agreed to hear the issue on an expedited basis, Politico reported.

Trump moved to fire Cook earlier this year after Federal Housing Finance Agency Director Bill Pulte referred Cook to the Department of Justice over alleged mortgage fraud.

Trump previously suggested he might fire Federal Reserve Chairman Jerome Powell over his unwillingness to lower interest rates, though he has thus far declined to do so. Powell announced a rate cut at the last Fed meeting, moreover.

https://justthenews.com/accountability/trump-official-head-fhfa-sends-second-criminal-referral-fed-reserve-governor-lisa