Trump’s attorney John D. Sauer submitted a request to stay the preliminary injunction Thursday, arguing that Cook was not entitled to due process and that Trump has a sweeping discretion to fire whomever he wanted as long as he claimed it was related to their job.
“The Federal Reserve Act’s broad ‘for cause’ provision rules out removal for no reason at all, or for policy disagreement,” Sauer wrote. “But so long as the President identifies a cause, the determination of ‘some cause relating to the conduct, ability, fitness, or competence of the officer’ is within the President’s unreviewable discretion,” Sauer wrote.
“The President’s strong concerns about the appearance of mortgage fraud, based on facially contradictory representations made to obtain mortgages by someone whose job is to set interest rates that affect Americans’ mortgages, satisfies any conception of cause,” Sauer continued.
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