A US Federal Reserve governor has filed a lawsuit over President Donald Trump's attempt to dismiss her.
Trump posted a letter to Lisa Cook on his social media platform on Monday. It says she may have made false statements on one or more mortgage agreements, and that the president is firing her with immediate effect.
Cook filed her lawsuit with the federal district court in Washington on Thursday, saying Trump's purported dismissal is "unlawful and void."
Cook points out that a Fed governor can be removed only under a provision known as "for cause." She argues that no such cause exists under the law.
She says Trump's basis for her dismissal -- the alleged mortgage fraud -- is "unsubstantiated and unproven."
The dismissal would be the first of its kind in the Fed's history if it were allowed to go ahead. The lawsuit states that the case challenges Trump's "unprecedented and illegal attempt" to remove Cook.
The White House responded to a request for comment from NHK, saying, "The President determined there was cause to remove a governor who was credibly accused of lying in financial documents."
It added that a governor's removal "for cause" improves the Federal Reserve Board's accountability and credibility "for both the markets and the American people."
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Quiz 1:
Who filed a lawsuit over President Donald Trump's attempt to dismiss a US Federal Reserve governor?
A. The White House
B. Lisa Cook, the US Federal Reserve governor
C. The Federal District Court in Washington
D. The American people
Answers: Quiz 1: B
Quiz 2:
Under what condition can a Fed governor be removed according to Lisa Cook's argument?
A. At the discretion of the President
B. Only under a provision known as "for cause"
C. With immediate effect due to allegations of false statements on mortgage agreements
D. When the markets require it
Answers: Quiz 2: B
Quiz 3:
What does Lisa Cook claim about Trump's basis for her dismissal?
A. It is substantiated and proven
B. It improves the Federal Reserve Board's accountability and credibility
C. It is unsubstantiated and unproven
D. It is a necessary step to improve the American economy
Answers: Quiz 3: C
Trump posted a letter to Lisa Cook on his social media platform on Monday. It says she may have made false statements on one or more mortgage agreements, and that the president is firing her with immediate effect.
Cook filed her lawsuit with the federal district court in Washington on Thursday, saying Trump's purported dismissal is "unlawful and void."
Cook points out that a Fed governor can be removed only under a provision known as "for cause." She argues that no such cause exists under the law.
She says Trump's basis for her dismissal -- the alleged mortgage fraud -- is "unsubstantiated and unproven."
The dismissal would be the first of its kind in the Fed's history if it were allowed to go ahead. The lawsuit states that the case challenges Trump's "unprecedented and illegal attempt" to remove Cook.
The White House responded to a request for comment from NHK, saying, "The President determined there was cause to remove a governor who was credibly accused of lying in financial documents."
It added that a governor's removal "for cause" improves the Federal Reserve Board's accountability and credibility "for both the markets and the American people."
----------------
Quiz 1:
Who filed a lawsuit over President Donald Trump's attempt to dismiss a US Federal Reserve governor?
A. The White House
B. Lisa Cook, the US Federal Reserve governor
C. The Federal District Court in Washington
D. The American people
Answers: Quiz 1: B
Quiz 2:
Under what condition can a Fed governor be removed according to Lisa Cook's argument?
A. At the discretion of the President
B. Only under a provision known as "for cause"
C. With immediate effect due to allegations of false statements on mortgage agreements
D. When the markets require it
Answers: Quiz 2: B
Quiz 3:
What does Lisa Cook claim about Trump's basis for her dismissal?
A. It is substantiated and proven
B. It improves the Federal Reserve Board's accountability and credibility
C. It is unsubstantiated and unproven
D. It is a necessary step to improve the American economy
Answers: Quiz 3: C
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Summary
US Federal Reserve Governor Lisa Cook has filed a lawsuit against President Donald Trump's attempt to dismiss her, citing the move as unlawful and void. The lawsuit challenges Trump's alleged unprecedented and illegal effort to remove Cook for unsubstantiated and unproven claims of mortgage fraud.
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ID: 4da305a8-4d82-40e9-9bca-f716bfdcd9f2
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20250829_B4/
Created: 2025/08/30 07:02
Updated: 2025/12/08 02:36
Last Read: 2025/08/30 13:19