Trump accused of using mortgage fraud allegations as ‘weapon of choice’ to attack Fed

At hearing for Federal Reserve governor’s suit over firing, attorney says president engages in ‘litigation by tweet’

Donald Trump has been accused of wielding unconfirmed allegations of mortgage fraud as his “weapon of choice” to attack the Federal Reserve’s independence, as a governor at the central bank sues the president over his bid to fire her.

In court on Friday, lawyers for Lisa Cook argued she was fired without the notice or “cause” required to remove a Fed governor. Cook learned of her removal from the board via a post on social media, they said.

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from World news | The Guardian https://ift.tt/zi5bk7Q