Cook said the claims related to documents signed before she joined the Fed and framed the Supreme Court’s decision as backing due process, just cause and central bank independence.
Federal Reserve Governor Lisa Cook said mortgage fraud allegations tied to documents signed before she joined the Fed were fabricated as part of an effort to remove her. She also said the Supreme Court left a lower-court order in place, which she described as affirming due process, just cause and the Federal Reserve’s independence in pursuing price stability and maximum employment.