Taking on Trump Again? Fed’s Cook: It’s Too Late to Fire Me Over These Matters Now!

　　Recently, the conflict between U.S. President Trump and the Federal Reserve has intensified to a "boiling point." On Tuesday Eastern Time, Federal Reserve Governor Lisa Cook forcefully responded to Trump, stating that it is now too late for him to "fire" her over the disclosed mortgage information.

　　In a document submitted to a U.S. district court, Cook stated that during the approval process for her appointment as a Fed governor in 2022, she listed mortgages for three properties in forms submitted to the White House and the U.S. Senate. She emphasized that any inconsistencies were known at the time of her appointment and cannot serve as grounds for Trump to dismiss her now.

　　It is important to note that in U.S. mortgage applications, primary residences have the lowest interest rates and down payment requirements because banks believe borrowers will prioritize retaining their main homes. Conditions for second homes/vacation properties are slightly less favorable but still better than those for investment properties used for rental income.

　　In the court documents, Cook stated that in a background check form, she listed a property in Michigan as her primary residence and a property in Georgia as a "second home." In another questionnaire, she listed both properties as "current residences," with the Michigan property designated as her "current permanent residence," while a third property in Massachusetts served as both a current residence and a rental property.

　　In a series of court filings submitted on Tuesday, Cook’s lawyers emphasized that Trump lacks just cause to fire Cook "for cause," which is the central issue of her lawsuit. They stated that Trump’s tweets on social media and the criminal complaint filed with the Department of Justice did not give her an opportunity to respond before dismissal.

　　Cook is the first Black woman to serve as a Federal Reserve governor. In her initial response, she made her position clear: "President Trump’s claim that there is 'cause' to fire me has no legal basis, and he has no authority to do so."

　　"I will not resign. Since taking office in 2022, I have been committed to supporting the U.S. economy and will continue to fulfill my duties," she added.