Trump faces lawsuit from Federal Governor Lisa Cook over alleged illegal attempt to dismiss her by president.

In a dramatic turn of events, a federal judge is set to decide on Tuesday whether to grant a temporary restraining order (TRO) to Dr. Lisa Cook, the economist serving as a member of the Federal Reserve Board. The hearing will also determine the outcome of the mortgage allegations against Dr. Cook.

The controversy stems from Dr. Cook's purchase of a home and a condo in 2021, which led to accusations of mortgage fraud. Bill Pulte, Director of the Federal Housing Finance Agency, has alleged that Dr. Cook falsified records to obtain a mortgage. However, Dr. Cook's lawyer, Abbe Lowell, vehemently denies these claims and argues that Dr. Cook should not be removed from her office.

During the two-hour oral arguments between Dr. Cook and the President's representatives, Yaakov Roth, a top Justice Department attorney, argued that there were valid grounds to dismiss Dr. Cook from her position. However, Roth also stated that the TRO to block her firing will not be granted based on the arguments presented.

Dr. Cook has requested the judge to rule that President Trump's attempt to remove her is unlawful and void. She has also asked the judge to ensure that she remains an active member of the Federal Reserve. In response, the White House spokesman, Kush Desai, stated that the President's decision to fire Dr. Cook would have improved the Federal Reserve Board's accountability and credibility for both the markets and the American people.

It is important to note that the President's official meeting to discuss firing Fed Chair Jerome Powell may not be connected to the current situation with Dr. Cook. Similarly, the President's decision to fire Cook was not connected to seeking greater control over the Federal Reserve or influencing its monetary policy.

As of now, there is no information available about a decision date for the rulings on the mortgage fraud allegations against Dr. Cook and Bill Pulte. The next hearing is expected on Tuesday, where the mortgage allegations will be decided. It is worth mentioning that these allegations against Dr. Cook are absent in her filing, and she remains out of any charges.

Dr. Cook filed a lawsuit against President Trump on Thursday morning, marking a significant escalation in this ongoing saga. The fate of the allegations against Dr. Cook is expected to be decided on Tuesday, following further briefing from Dr. Cook's legal team. Stay tuned for updates on this developing story.

Trump faces lawsuit from Federal Governor Lisa Cook over alleged illegal attempt to dismiss her by president.