Lawyers for Lisa Cook, the Federal Reserve governor, called Trump administration allegations of mortgage fraud against her “baseless” on Monday and accused the administration of “cherry-picking” discrepancies to bolster their claims.
After accusing Cook of misrepresenting multiple residences as her primary residence to get a better mortgage rate, Donald Trump briefly fired Cook from her role as a Fed governor and as one of 12 voting members of the Federal Reserve board that sets interest rates. The supreme court reinstated her and will in January hear arguments over Cook’s removal.
