Lisa Cook, governor of the US Federal Reserve and governor nominee for US President Joe Biden, during a Senate Banking Committee nomination hearing in Washington, DC, US, on Wednesday, June 21, 2023.
Anna Rose Layden | Bloomberg | Getty Images
Lawyers for Federal Reserve Governor Lisa Cook on Thursday argued that the Supreme Court should reject President Donald Trump’s request that he be allowed to fire her pending the outcome of her lawsuit challenging her removal.
“The President’s stay application asks this Court to act on an emergency basis to eviscerate the independence of the Federal Reserve Board,” Cook’s lawyers wrote in a new filing with the Supreme Court.
Trump has asked the Supreme Court to lift lower court orders that block him from firing Cook while her suit plays out.
The president said in late August that he was firing her because of allegations she committed mortgage fraud. She denies those claims.
Earlier Thursday, a group that included every living former Federal Reserve chair, along with a number of former Treasury secretaries and former chairs of the White House Council of Economic Advisers urged the Supreme Court to deny Trump’s request to fire Cook for now.
This is breaking news. Please refresh for updates.
