Fed Governor Lisa Cook Hires Lawyer Lowell to Fight Trump Removal

Federal Reserve Governor Lisa Cook is challenging President Trump's attempt to remove her over allegations of mortgage fraud, which she denies. Cook has retained prominent litigator Abbe Lowell, known for representing high-profile clients such as Hunter Biden and New York Attorney General Letitia James, to file a lawsuit against the president's dismissal attempt. Trump cited Cook's declarations of two properties as primary residences for separate mortgage loans as justification for removal, but the Federal Reserve and legal experts emphasize that governors serve fixed terms and can only be removed for cause, with no clear legal basis for Trump's action. Lowell, who recently founded his own firm to represent officials targeted by the Trump administration, criticized large law firms for avoiding conflicts with the government, highlighting his boutique firm's readiness to confront such politically charged cases. The Federal Reserve maintains that Cook remains in her position pending a judicial ruling and underscores the importance of tenure protections to preserve monetary policy independence. This legal battle illustrates ongoing tensions between the White House and the Federal Reserve amid political pressures on central bank governance.