Hunter Biden’s Lawyer To File Lawsuit Claiming “Trump Has No Authority” To Fire Fed Governor

Fed Issues Statement Over Trump Firing Of Governor Cook, Dems Play Race-Card | ZeroHedge

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By Tyler Durden

Update (0830ET): Mainstream media is abuzz this morning with the news of Trump’s firing of Fed Governor Cook over her alleged mortgage cheating. Given that she has apparently refused to leave, this puts The Fed (and in particular Chair Powell) in an awkward position.

As Jim Bianco explains in a brief post on X: 

If they allow her to continue with her duties as Fed Governor, starting this morning, and the courts find that the President does have the authority to fire her, even if it’s months later during an appeal, anything she does on behalf of the Fed as a Governor starting today will not be valid.

And the Fed could be held responsible for allowing a non-employee to continue to act like an employee.

Restated, if the Fed allows her to stay and continue to be a Governor, and the court rules that Trump can fire her (again, even if it is later in an appeal), then Jay Powell has potentially committed a “for-cause” offense for which he could be fired.

(allowing a non-Fed employee to make decisions and policy on behalf of the Federal Reserve.)

Additionally, Cook has hired former first son Hunter Biden’s lawyer, Abbe Lowell, to represent her. 

In a statement, Lowell vowed to take “whatever actions are needed” to stop what he described as Trump’s “illegal action.”