White House National Economic Adviser Kevin Hassett prepares to give a live television interview at the White House in Washington, D.C., U.S., August 4, 2025.
Jonathan Ernst | Reuters
President Donald Trump’s top economic adviser, Kevin Hassett, said Wednesday that Federal Reserve Board of Governors member Lisa Cook should go on leave from the central bank even as she plans to file a lawsuit challenging her removal by Trump.
“If I were her in her circumstance, I would take leave,” Hassett told reporters outside the White House.
“I think it’s the honorable thing to do,” he continued, after a reporter asked about whether Cook should be presumed innocent of allegations of mortgage fraud raised by another Trump-appointed official.
Hassett also defended Trump’s ability to remove a Fed governor “for cause,” which is the legal requirement for a president to fire a board member at the central bank.
Cook, the first Black woman to serve as a Fed governor, is expected to soon file a lawsuit over Trump’s move, her attorney, Abbe Lowell, said Tuesday.
Trump’s “attempt to fire her, based solely on a referral letter, lacks any factual or legal basis,” Lowell said in a statement.
The Fed said Tuesday that “Cook has indicated through her personal attorney that she will promptly challenge this action in court and seek a judicial decision that would confirm her ability to continue to fulfill her responsibilities as a Senate-confirmed member of the Board of Governors of the Federal Reserve System.”
The battle over Cook’s removal could end with the Supreme Court issuing a final decision on the matter.
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