From CNBC: Federal Reserve Board Governor Lisa Cook on Thursday sued President Donald Trump to block his unprecedented attempt to fire her, setting off a legal battle likely to end up at the Supreme Court.
The suit, filed in federal court in Washington, D.C., also names Fed Chairman Jerome Powell and the Board of Governors itself as defendants.
Trump said Monday that he was removing Cook because of allegations that she committed mortgage fraud by claiming two different properties as her main residence in 2021, before she joined the board.
“This case challenges President Trump’s unprecedented and illegal attempt to remove Governor Cook from her position which, if allowed to occur, would the first of its kind in the Board’s history,” Cook’s attorney, Abbe Lowell, wrote in the lawsuit.
In the lawsuit, Lowell claimed that “an unsubstantiated allegation about private mortgage applications” does not qualify as a just cause for removal.
It has been pointed out that Cook never denies in her lawsuit that she committed mortgage fraud. She appears to only be claiming that’s not a good enough reason to fire her.
At no point in her 24-page lawsuit does Lisa Cook deny she committed mortgage fraud.
Clogging up the courts with her TDS martyrdom pic.twitter.com/YyZkxYP0Cx
— James Fishback (@j_fishback) August 28, 2025
Instead, Cook’s lawsuit touts that she is the first Black woman to sit on the Federal Reserve board.
LISA COOK PULLED THE RACE CARD IN HER LAWSUIT.
The unmitigated gaul, the unencumbered audacity, and the unfettered intrepidity of this deceitful miscreant.
Her lawsuit is just “It’s Trump’s fault” and “I’m black”
Zero accountability for the fraud she committed pic.twitter.com/QDDuCshryy
— James Fishback (@j_fishback) August 28, 2025
Fed Governor Lisa Cook sues Trump to block her firing https://t.co/dOENBVDDuv
— CNBC (@CNBC) August 28, 2025
Now the case has been assigned to Judge Jia Cobb, who was appointed in June 2021 by Joe Biden. Cobb, born in 1980, was one of the judges then-Senate Majority Leader Chuck Schumer pushed through for approval during the last couple months of the Biden administration.
JUST IN: The lawsuit filed by Lisa Cook has been assigned to Judge Jia Cobb, a judicial pick from the Biden administration.
Cobb has overseen a variety of high-profile and contentious matters over the last several years, ranging from the legal proceedings against January 6… pic.twitter.com/EeGbj2UO69
— Melissa Hallman (@dotconnectinga) August 28, 2025
Meanwhile, attorney Mike Davis weighed in on the case during a Fox Business interview.
“President Trump has every right to fire Lisa Cook from the Federal Reserve. Alongside his statutory power, President Trump has the power under Article II to fire any executive branch officers. And if people argue that he does not have that power, then the Federal Reserve is unconstitutional. The Federal Reserve might not want to die on this hill, because we can’t have a corrupt governor on the Fed board,” Davis declared.
President Trump has every right to fire Lisa Cook from the Federal Reserve.
Alongside his statutory power, President Trump has the power under Article II to fire any executive branch officers.
And if people argue that he does not have that power, then the Federal Reserve is… pic.twitter.com/i9IHJeSuH0
— 🇺🇸 Mike Davis 🇺🇸 (@mrddmia) August 27, 2025
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