Follow-Up: White House Delays Hearing on Fed Governor Lisa Cook Until December
Washington — The White House has delayed until December a planned hearing into mortgage-fraud allegations against Federal Reserve Governor Lisa Cook, President Donald Trump's top economic adviser said, though Cook's lawyers on Friday declined to confirm that any date had been agreed.
"The president has asked a small set of his people to run a completely fair process that puts all the information on the table, and then the president will decide next steps," Kevin Hassett told Bloomberg TV on Thursday. "We in the White House, the White House counsel, has worked very closely with Governor Cook's people. I think that they've agreed to a date in December to meet together and talk these things through."
Cook's lawyer, who along with Cook herself has denied any wrongdoing and called Trump's accusations a pretext to remove her because he wants the Fed to cut rates, had previously said Cook would not be available for any hearing until after the Fed's December 8-9 policy-setting meeting. A spokeswoman for her lawyer did not confirm any new date in December.
Trump has been trying to fire Cook for more than a year. The Supreme Court ruled in June that he cannot do so at will, but that he may be able to if he gives her a chance to defend herself against evidence he believes shows cause for removal. Trump announced a fresh investigation last month and initially set November 5 as the hearing date.
Hassett sits on the three-person committee Trump appointed to investigate Cook and recommend whether she should be fired. He had called Cook "partisan" last August for not vacating her post after Trump's allegations. On Thursday he said the committee is comprised of "people of honor who are charged with looking at the evidence and correctly characterizing it in a way that people will be able to observe and criticize if they like."
Cook this week dissented from the Fed's decision to leave rates steady instead of delivering another rate hike to curb inflation, as she would have preferred. The Fed is widely expected to raise rates again in December. Trump has long criticized the Fed for not cutting rates and accused what he calls a political Fed board, which includes Cook, of keeping Chairman Kevin Warsh from doing so.
With the hearing pushed back, any presidential decision on removing Cook for cause will also move into December. For now the December timing rests on Hassett's account alone, and Cook's side has not confirmed it.
Related: Trump Renews Bid to Remove Fed Governor Lisa Cook; White House Hearing Set for Nov. 5
Source: GSM · USA (original Chinese edition)
Photo: 图：位于华盛顿的美联储（Federal Reserve）总部大楼。GSM 联邦素材包固定图。 / The Federal Reserve headquarters building in Washington. GSM federal asset-pack file photo.
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