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]

John, thanks. Governor Cook filed an expected brief this afternoon uh in the district court case to uh overturn her firing. She says in in the brief that govern it says Governor Cook did not ever commit mortgage fraud.calls any issues with mortgages repeatedly in this uh in this document, quote, facial contradictions. And any issues with these mortgages, she she says in the briefing, were included in documents previously disclosed to the Senate in her um nomination process and and her vetting charges agains ...