Overview
- After a two-hour hearing, the court issued no immediate decision and set an expedited schedule, directing Cook’s lawyers to file a supplemental brief by Tuesday.
- In its filing, the Justice Department urged courts to be highly deferential to the president’s determination and faulted Cook for offering no explanation for the alleged conduct.
- FHFA Director Bill Pulte publicly added a new allegation involving a Cambridge, Massachusetts, condo, though Cook has not been charged and her attorney dismissed the claims as an unsubstantiated smear.
- The Federal Reserve told the court it will follow any order and, as of now, continues to list Cook as an active governor on its website.
- The dispute tests the scope of “for cause” protections, could quickly move through appeals to the Supreme Court, and, if Cook is removed, may give Trump a path to a 4–3 majority on the Board.