Trump bid to fire Fed’s Lisa Cook cost her more than $1M in legal, security costs: Filing
Outside groups covered most of the costs as Cook fought Trump’s removal attempt and the Supreme Court prepared to weigh the dispute.
- On Thursday, Federal Reserve Governor Lisa Cook disclosed over $1.3 million in legal and security expenses incurred after President Donald Trump attempted to remove her from the board in August.
- Trump attempted to remove Cook from the Federal Reserve board last August, citing mortgage fraud allegations from Federal Housing Finance Agency director Bill Pulte.
- The ethics filing revealed nearly $1.2 million in "payment for legal services" from State Democracy Defenders Fund and Contina Impact, plus approximately $144,000 for "security services" provided by Contina Impact.
- Cook denied wrongdoing and sued to block her removal, remaining on the Federal Reserve board pending the outcome of her case at the Supreme Court.
- The Supreme Court is expected to rule by the end of this month on the firing authority, while Bill Pulte is set to become acting director of the Office of National Intelligence on Friday.
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9 Articles
Fed's Cook spent $1.2 million on legal services fighting firing by Trump
Trump Attack on Fed’s Lisa Cook Cost Her $1.3 Million
"Federal Reserve governor Lisa Cook incurred more than $1.3 million in legal and security expenses following President Donald Trump’s attempt to fire her in August from the Fed’s board, a new ethics filing revealed Thursday," CNBC reports."Outside organizations reimbursed Cook for those expenses
Lisa Cook, governor of the Federal Reserve (Fed) and facing an initiative by the president of the United States (EU), Donald Trump, to dismiss her on charges of mortgage fraud that she considers false, revealed yesterday the large payments related to her judicial case, as well as the payments made on her behalf by security services.Cook declared almost $1.2 million in payments for legal services as her case has progressed to the Supreme Court, i…
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