Lisa Cook’s lawyer is losing credibility with conflicting statements — Here’s the latest.

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  • Federal Reserve Governor Lisa Cook “did not ever commit mortgage fraud,” her attorney wrote.
  • The lawyer, Abbe Lowell, asked a judge to temporarily block President Donald Trump from firing her from the central bank’s board.
  • Nearly 600 economists signed an open letter backing Cook and defending the Fed’s independence.

Federal Reserve Board Governor Lisa Cook “did not ever commit mortgage fraud,” her lawyer Abbe Lowell said Tuesday in a new court filing bolstering arguments why a judge should temporarily block President Donald Trump from firing her.

Lowell argued in the same filing that any of Cook’s statements that she made on mortgage applications — which Trump has cited as the reason for her termination — do not give the president legal cause to remove her.

Lowell said multiple federal government entities received her mortgage details before the Senate first confirmed her nomination to the Fed in May 2022. The same information was disclosed to the White House prior to her appointment by former President Joe Biden, Lowell wrote.

MORE:

https://www.cnbc.com/2025/09/02/trump-lisa-cook-fed-powell-fraud.html

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