Lawyers for Federal Reserve's Lisa Cook say White House hearing set up by Trump is 'biased'

Attorneys for Federal Reserve governor Lisa Cook are challenging the fairness of a White House panel created to decide whether President Donald Trump has grounds to remove her, while stopping short of ruling out her appearance. In a Tuesday letter to Trump counsel William Scharf, lawyer Abbe Lowell said Cook cannot attend a November 5 hearing because she will be at financial and monetary policy meetings in Europe. He said the earliest she could appear is after the Fed's December 8-9 policy meeting, according to ABC News.

Lowell argued the three-member committee lacks objectivity. Kevin Hassett, a top Trump economic adviser, has already said the president has cause to dismiss her, and the other two members, Labor Secretary Keith Sonderling and Equal Employment Opportunity Commission chair Andrea Rich, were appointed by Trump. He also objected to unspecified added allegations and an unclear timetable for sharing evidence.

Trump accuses Cook of mortgage fraud in 2021, before she joined the board; she denies it, and no charges have been filed. The Supreme Court let her stay while litigation continues and hinted in a footnote that Trump could try again with proper notice and a chance to respond.

Summarized by PolitiKool from ABC News’s reporting. Read the full story at ABC News →