NFHA Applauds Ruling Prohibiting Unlawful Attempt to Remove Governor Cook and Protecting Independence of Federal Reserve

FOR IMMEDIATE RELEASE:

NFHA Applauds Ruling Prohibiting Unlawful Attempt to Remove Governor Cook and Protecting Independence of Federal Reserve

WASHINGTON, D.C. — After a federal judge’s overnight ruling granting a temporary injunction allowing Federal Reserve Gov. Lisa Cook to remain in her position, Lisa Rice, President and CEO at the National Fair Housing Alliance ® (NFHA™), issued the following statement:

“The federal district court’s decision to block President Trump’s unlawful attempt to remove Federal Reserve Governor Lisa Cook is a victory for the rule of law and for the independence of our nation’s most critical economic institution,” said Lisa Rice, President and CEO of the National Fair Housing Alliance. “By law, the President does not have the power to fire a Federal Reserve Board Governor without cause. In granting the preliminary injunction, U.S. District Judge Jia Cobb correctly found that the Administration’s claims regarding Governor Cook’s private conduct before taking office are not likely to satisfy this standard. Governor Cook’s historic appointment brought essential expertise and representation to the Federal Reserve. Efforts to undermine her service and smear her are part of a dangerous pattern of political interference that threatens the stability of our economy. NFHA will continue to stand firmly against unlawful attacks on institutional independence and the leaders who serve our country with integrity.”

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The National Fair Housing Alliance (NFHA) is the country’s only national civil rights organization dedicated solely to eliminating all forms of housing and lending discrimination and ensuring equal opportunities for all people. As the trade association for over 170 fair housing and justice-centered organizations and individuals throughout the U.S. and its territories, NFHA works to dismantle longstanding barriers to equity and build diverse, inclusive, well-resourced communities.