Lisa Cook, the US Federal Reserve, during an event at the Federal Reserve in Washington, DC, the United States, on Friday, March 22, 2024.
The Drago family Bloomberg Gety pictures
Federal Reserve Ruler of the Board of Directors Lisa Cook A lawsuit that challenges its removal will be submitted by two ridsR. Donald TrumpHer lawyer said on Tuesday.
The lawyer, Abe Lowle, said in a statement, a day after the day after the day after President Trump has a authority to remove the ruler of the Federal Reserve, Lisa Cook, ” Mortgage fraud allegations by cook In shooting it.
Luel said: “His attempt to launch it, based on the referral letter, lacks any real or legal basis.”
“We will file a lawsuit that challenges this illegal procedure.”
The White House and the Ministry of Justice did not immediately respond to CNBC requests to comment on a statement of Loile.
The Federal Reserve Information Office did not comment on Trump’s work, nor did he respond to CNBC’s question about whether it was Cook works in her office On Tuesday or remotely.
If Cook Sue takes, the case may end by the Supreme Court.
the Federal Reserve Law of 1913 He says that the president can shoot only a member of the Federal Reserve “for the reason.”
It has been understood for a long time that it means misconduct or shortening duty while he was in the board of directors.
Last week, the Ministry of Justice opened a Cook criminal investigation after accusing it of making false statements about home mortgage requests through Federal Housing Agency Bill Potty.
Bolt referred to the documents that Kok signed real estate in Michigan and Georgia claiming that all of her main residence was, which he claimed was “in order to secure low interest rates and the most appropriate loan conditions.”
The documents were signed before Cook joined the Federal Reserve.
Trump cited these allegations on Monday night in a letter to cook her to inform her of her removal.
Cook said on Monday, saying in a statement, “President Trump claims to call me” for the reason “when there is no reason under the law, and he has no authority to do so.”
“I will not resign,” she said. “I will continue to implement my duties to help the American economy as I have been doing since 2022.”
CNBC Kevin Brioninger Contribute to this story.
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