Hassett defends Trump's attempt to fire Fed Governor Lisa Cook
The White House's top economic adviser, Kevin Hassett, defended President Donald Trump's firing of Lisa Cook, telling reporters Wednesday morning that the president has the authority to do so.
"The president absolutely has authority to fire a Fed governor for cause. And I think the accusations are serious, and I look forward to seeing the outcomes of the dispute. I think that you know, and if it were me and I had made the mistakes on the mortgage forms that are accused, and I would either deny it because it was not true, or I would go on leave until people resolved the matter," Hassett said.
"And the fact that she's not doing that now suggests that she's being partisan, trying to make a partisan stance, which is contrary to the independence of the Fed," he continued.

Hassett said if he were in Cook's situation, he would take a leave of absence from the job.
Hassett was asked if there is an actual investigation into Cook and said that the case has been given to the Department of Justice. "My understanding is it's been handed off to the Justice Department for investigation," he responded.
Cook denies wrongdoing and said she will not resign. She also said Trump does not have the authority to fire her, and her attorney, Abbe Lowell, said they will be filing a lawsuit.
"His attempt to fire her, based solely on a referral letter, lacks any factual or legal basis. We will be filing a lawsuit challenging this illegal action," Lowell said on Tuesday.







