Fox News legal analyst Gregg Jarrett said on Fox Business Tuesday that the fate of embattled Federal Reserve Governor Lisa Cook comes down to a single question.
Trump fired Cook on Monday after citing allegations she falsified residency documents tied to mortgage fraud. In an appearance on “The Evening Edit,” Jarrett weighed in on the legal stakes surrounding Cook’s removal.
“The Supreme Court said that the president cannot fire a fed governor absent cause, so the central question will be was this sufficient cause?” Jarrett told guest host Jason Chaffetz.
Jarrett said federal law allows a president to remove a Federal Reserve governor only for cause and added that if Cook falsified mortgage documents then her conduct could meet that threshold.
“The law says that any fed governor ca