Fed Governor Lisa Cook 'did not ever commit mortgage fraud,' her lawyer says

Legal & Political Independence of the Federal Reserve - Fed Governor Lisa Cook is challenging her firing, asserting she never committed mortgage fraud [1] - Cook's brief argues the president's action poses the greatest threat to the Federal Reserve Board's political independence in its 111-year history [1] - Cook claims she can only be fired for negligence or malfeasance in office, not for pre-office conduct [1] - Cook argues that the president fired her to gain control of the Fed, citing multiple presidential tweets [2] - Cook's legal team argues that a tweet does not constitute proper notice for firing and that impeachment is the correct remedy [2] - Allowing the firing to stand would grant the president unfettered control over the Fed [3] Allegations Against Cook - The president claimed Cook was fired for cause because she claimed two homes as her primary residences on mortgage applications [2] - Any alleged mortgage inconsistencies were apparent in nomination documents submitted as part of her Senate confirmation [1] Government Response - The government is required to file a response by Thursday [3]