President Trump’s attempt to fire Federal Reserve Gov. Lisa Cook over allegations that she committed mortgage fraud was rejected by the US Supreme Court in a 5-4 ruling.
Chief Justice John Roberts wrote the opinion for the majority, which included the court’s three liberal members – Elena Kagan, Sonia Sotomayor and Ketanji Brown Jackson – plus conservative Justice Brett Kavanaugh. The court’s four other conservative justices dissented.
The court sidestepped the wider issue of whether a president had the right to fire any member of the Fed’s leadership. Instead, the ruling rejected Trump’s effort to stay a lower federal court ruling that blocked Cook’s termination while her lawsuit challenging Trump’s dismissal was still active.
The Federal Reserve Act states that a president can remove a Fed governor only “for cause,” although the definition of that phrase is absent from the law. Cook has not been indicted and denies the mortgage fraud allegations that were generated by Federal Housing Finance Agency Director Bill Pulte, who issued similar allegations against other political foes of the president.
“To be clear, the ultimate question of whether the President can remove Cook for cause will depend in part on the underlying facts,” Roberts wrote. “In this opinion, we have not addressed the facts, as they have yet to be found or analyzed under the relevant legal standards. Rather, we have simply addressed the parties’ arguments about the appropriate legal standards under which the facts must be evaluated.”
Pulte responded to the Supreme Court’s decision with a post on his personal X account that said, “As I have repeatedly said, I believe Lisa Cook will be indicted for mortgage fraud.”
Trump also responded via Truth Social, declaring, “The Cook Lawsuit, having to do with her suitability in sitting on the Board of the Federal Reserve, was sent back by the Supreme Court on a strictly procedural basis, we will take appropriate action immediately to make sure that someone who has committed wrongdoing will not be making vital decisions concerning the Welfare of the United States of America!”
Cook issued a statement that said, “This was never about mortgage documents signed years before I became a Federal Reserve governor. It was an attempt to remove me on a manufactured pretext because I refused to bow to political pressure.”
Trump’s Truth Social post is LAUGHABLE. To be sure! Does he not know how every statement he makes about others usually reflects back on him? People of the USA, I think we need to ‘take action immediately to make sure that someone who has committed wrongdoing will not be making vital decisions concerning the welfare of the United States of America!”
Let me get this straight, the lying, cheating convicted felon traitor, who attempted to illegally overturn the valid results of the 2020 election and sent a violent mob to riot at the capital and is now illegally enriching himself as president while flagrantly violating the Emoluments Clause of the Constitution, Donald Trump, is writing “…we will take appropriate action immediately to make sure that someone who has committed wrongdoing will not be making vital decisions concerning the Welfare of the United States of America!”
Does this mean he will resign as president?
So that I understand, Pulte is being placed in the position of Overseeing the network of 18 U.S. intelligence agencies, including the CIA and NSA. Pulte was able to acheive this position without delivering Lisa Cooks head?
His comment about “Lisa Cook will be indicted for mortgage fraud” is a ringing endorsement that he is totally unbiased and those accusations of him being a seasoned boot licker are fake news. I hope there is a special place they can be together.
“Release the Epstein Files”
Accomplisments so far
Replacing career civil servants and senior officials with people viewed as personally loyal to him rather than independent experts.
Challenging or dismantling diversity, equity, and inclusion (DEI) initiatives, which critics argue disproportionately affects opportunities for African Americans and other underrepresented groups.
Removing or reassigning officials who publicly disagreed with him or investigated his actions.
Emphasizing political loyalty as an important qualification for certain government positions.