In an attempt to turn the tables on the Trump administration, Lisa Cook said in a court filing on Tuesday that President Donald Trump's bid to fire her from her job as a Federal Reserve Board governor on the basis of mortgage fraud allegations should fail, in part, because former President Joe Biden's White House had her disclosures in hand in 2022 and saw no reason then to pump the brakes on appointing her to office.

Cook's attorney Abbe Lowell began his reply in favor of a temporary restraining order by stating, as he told U.S. District Judge Jia Cobb on Friday , that the Federal Reserve, the U.S. central bank and monetary policy agency, is a "uniquely structured, quasi-private entity" whose characteristic history of independence — as illustrated by relevant U.S. Supreme Court precedent

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