Trump demands Supreme Court let him fire Fed Governor Lisa Cook

Donald Trump has asked the Supreme Court to throw out two court decisions that are stopping him from removing Federal Reserve Governor Lisa Cook, according to a Thursday filing by the Justice ￰0￱ came just one day after Lisa sat in on the Federal Open Market Committee meeting, where the Fed voted to cut the benchmark overnight rate by 0.25% . Cryptopolitan ￰1￱ announced on August 25 that he was firing Lisa from her role on the seven-member Fed board, accusing her of mortgage fraud involving two properties she owns in Michigan and ￰2￱ claimed Lisa made conflicting statements in two different mortgage applications, declaring both homes to be her primary ￰3￱ argued that this conduct was both deceitful and potentially criminal, and he believed it showed a clear lack of fitness to serve on the board of the ￰4￱ ￰5￱ judge blocks Trump as Cook sues to keep seat Lisa denied the allegations and sued Trump, saying he had no legal grounds to remove ￰6￱ September 9, a federal judge in Washington, ￰7￱ in her favor, for ￰8￱ judge issued a preliminary injunction that barred Trump from firing her while the lawsuit goes through the ￰9￱ Justice Department tried to get around that order by going to the ￰10￱ Court of Appeals, asking a three-judge panel to block the ruling before the Fed met to decide ￰11￱ on Monday night, the appeals court said ￰12￱ a 2-1 decision, the panel refused to pause the injunction, which meant Lisa was allowed to join the Fed’s internal meeting and ￰13￱ General ￰14￱ Sauer, who wrote the Supreme Court application, said Trump was being blocked from using powers that belong to the presidency.

“This application involves yet another case of improper judicial interference with the President’s removal authority – here, interference with the President’s authority to remove members of the Federal Reserve Board of Governors for cause,” Sauer ￰15￱ argued that Lisa has no Fifth Amendment property interest in staying on the Fed board and that her job isn’t protected by due ￰16￱ also rejected the judge’s view that Trump’s justification was invalid because the alleged misconduct happened before she was appointed. “The Federal Reserve Act’s broad ‘for cause’ provision rules out removal for no reason at all, or for policy disagreement,” Sauer said .

“But so long as the President identifies a cause, the determination of ‘some cause relating to the conduct, ability, fitness, or competence of the officer’ is within the President’s unreviewable discretion.” Justice Department says reinstatement overstepped judicial power The filing claims Lisa misled mortgage lenders on both ￰17￱ wrote, “Cook had made contradictory representations in two mortgage agreements a short time apart, claiming that both a property in Michigan and a property in Georgia would simultaneously serve as her principal residence.” He added that the agreements described the declarations as material to the lender, because mortgages for a primary home usually come with lower interest rates due to reduced ￰18￱ said that when Trump found out about the issue, he decided Lisa’s “deceitful and potentially criminal conduct in a financial matter” showed she was “unfit to continue serving on the Federal Reserve Board,” and that her actions were at least “the sort of gross negligence in financial transactions that calls into question her competence and trustworthiness as a financial regulator.” He also slammed the district court’s move to reinstate Lisa to the Fed board.

“The district court judge lacked authority to order reinstatement as an equitable remedy for the removal of an officer of the United States, as we have discussed in several recent stay applications,” Sauer ￰19￱ Justice Department is now asking the Supreme Court to wipe out the lower court’s ruling and let Trump fire Lisa ￰20￱ the court agrees with Trump, he’ll have picked four out of the seven current Fed ￰21￱ number includes Stephen Miran, who was confirmed by the Senate on ￰22￱ was a senior official at the White House Council of Economic Advisors, and Trump nominated him to replace Adriana Kugler, who resigned in August without giving a ￰23￱ has already taken his seat, as he joined this week’s FOMC meeting with ￰24￱ seen where it ￰25￱ in Cryptopolitan Research and reach crypto’s sharpest investors and builders.