The Trump Administration on Thursday asked the US Supreme Court to intervene after a federal appeals court blocked Trump from firing embattled Federal Reserve Governor Lisa Cook.
DOJ Solicitor General John Sauer, in his petition to the Supreme Court, said the lower courts have interfered with the President’s authority to remove members of the Federal Reserve Board of Governors for cause.
A federal appeals on Monday rejected President Trump’s bid to fire Lisa Cook.
The DC Circuit Court of Appeals, in a 2-1 decision, said Lisa Cook can remain a Federal Reserve Governor, allowing her to vote during Tuesday’s interest rate meeting at the Fed.
The three-judge panel included: Majority: Childs (Biden), Garcia (Biden), Dissent: Katsas (Trump).
Last Wednesday, President Trump appealed a federal judge’s injunction to block his attempt to fire Lisa Cook amid mortgage fraud allegations.
Lisa Cook filed a lawsuit against President Trump, the Federal Reserve Board of Governors, and Federal Reserve Chairman Jerome Powell after Trump fired her last month.
Lisa Cook apparently owns three properties, and she allegedly committed mortgage fraud on all three properties.
According to housing regulator Bill Pulte’s first criminal referral, Lisa Cook committed mortgage fraud by lying on her mortgage application and falsifying bank statements when she designated her out-of-state Atlanta condo as her “primary residence”—just two weeks after taking a loan on her Michigan home, which she also claimed as her “primary residence.”
Late last month, Pulte sent a second criminal referral on Lisa Cook after she was allegedly caught lying about a third property.
A Biden-appointed federal judge last Tuesday evening blocked President Trump from firing Lisa Cook.
US District Court Judge Jia Cobb, a Biden appointee, issued a preliminary injunction blocking President Trump, Fed Chairman Jerome Powell, and the Federal Reserve Board of Governors from firing Lisa Cook as her lawsuit proceeds through the legal system.
Judge Cobb said the mortgage fraud allegations did not meet the “for cause” standard.
Cobb said Lisa Cook (her sorority sister) has also “demonstrated irreparable harm from her removal.”
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