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White House sets hearing on Fed's Cook for December 14, NYT says

Reuters
White House sets hearing on Fed's Cook for December 14, NYT says

Nov 4 (Reuters) - The White House ‌has scheduled for December 14 a planned hearing into allegations of mortgage fraud by Federal ​Reserve Governor ‌Lisa Cook, the New York Times reported on ‌Wednesday, citing an unnamed White House official, in a new phase of President Donald Trump's effort to fire ‌her.

• Cook's lawyer did not respond to a request for comment, but previously raised questions about the hearing's fairness and sought information from the White House about the hearing process ⁠before agreeing to a date.

• Trump has been trying ‌to fire Cook for more ⁠than a year, one of several unprecedented attempts to exert ​control over the Fed during his second presidential term. No president has ever removed a US central ​banker.

• Cook denies any wrongdoing.

• The Supreme Court ​in ‌June ruled that Trump cannot fire a Fed governor "at will" but ​may be able to if he gives her ⁠a chance to defend herself.

• Trump's ‌top economic aide, ​Kevin Hassett, told Bloomberg TV ​last week that Cook's lawyers had agreed to a date in December for what he said would be a fair hearing. Hassett is on a three-person committee ‌Trump formed to hold the hearing and recommend whether she should be fired.

• Cook's lawyer Abbe Lowell last month ‌told the ​White House she would not be available for its initially announced November 5 hearing date and would be unable to attend until after the Fed's December 8 to 9 policy-setting ‌meeting.

(Reporting by Ann Saphir; Editing by Cynthia Osterman)