Fed Governor Cook’s Case vs Trump: Former Fed General Counsel Weighs In

I want to go back a little bit and get your take on whether the president can fire Lisa Cook for cause under the Federal Reserve Act. The president has made clear that he believes he can. But from where you sit, does the for cause clause cover private events prior to membership on the board.Because we know that Lisa Cook applied for these mortgages and a sign said that they were for her primary residency before she was on the Federal Reserve Board. Well, you're exactly right, Scarlett. And that's one of the ...