Editorials & Other Articles

There’s no shortage of problems with this, but an especially important one emerged late last week. NBC News reported:

Federal Reserve governor Lisa Cook declared in financial forms that her Atlanta property would be used as a ‘vacation home’ and not her primary residence, according to documents obtained by NBC News that appear to undercut the Trump administration’s allegations of mortgage fraud.

.......So, the administration is giving up? Of course not. The New York Times reported:

The Trump administration sought to convince a federal court on Sunday that President Trump possesses vast powers and ‘discretion’ to fire federal officials, as it raced to block Lisa Cook, a governor on the Federal Reserve, from participating in this week’s meeting of the central bank.

A federal district court ruled last week that Cook can only be legally ousted for cause, and the White House has failed to meet that threshold. The administration’s lawyers have appealed that ruling, insisting that Trump’s power is “unreviewable.”

The case is now pending at the U.S. Court of Appeals for the D.C. Circuit, though time is of the essence. The Times’ report added, “The Trump administration has asked the appellate panel to stay that order and rule by the end of Monday, ahead of the Fed’s two-day meeting, which begins on Tuesday.”

Again, no one is even bothering with the pretense that the administration is scrambling to oust Cook because of a desperate need for swift justice related to the mortgage bureaucracy. Rather, the White House sees an opponent that it’s eager to remove from the board. Watch this space.