Fed Governor Cook challenges Trump’s removal bid over mortgage details ...Middle East

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Cook stated in a court filing that mortgage information discrepancies were fully disclosed during her 2022 confirmation process.

Any inconsistencies were known at the time of her confirmation and cannot justify removal now according to her legal team.

They claim she listed all three properties as primary residences to potentially secure lower interest rates.

Tuesday’s filing elaborated on arguments first presented in court last week regarding her lawsuit.

She described both homes as present residences and a Massachusetts property as both residence and rental on another questionnaire.

The White House and Justice Department did not immediately respond to requests for comment.

She maintains Trump lacks legal authority for removal and that fraud allegations serve as pretext.

Trump has consistently criticized the Fed for not cutting interest rates more aggressively during his administrations.

The Fed cut rates three times in 2024 but paused since December due to inflation concerns from Trump’s trade policies.

The central bank is widely expected to cut rates by a quarter percentage point at its September meeting.

Trump has demanded substantially more aggressive borrowing cost reductions to stimulate economic growth. – Reuters

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