Lisa Cook should be kicked out of Fed’s September meeting, Larry Kudlow tells ‘Pod Force One’

WASHINGTON — Federal Reserve board member Lisa Cook should be banned from the central bank’s upcoming meeting later this month after a Trump official got her “dead to rights” on allegations of mortgage fraud, former Trump economic adviser Larry Kudlow told “Pod Force One.”

“I mean, she doesn’t understand it, but she’s been fired,” Kudlow claimed to The Post’s Miranda Devine on the latest episode, out now. “…. She’s been fired for these allegations. The court doesn’t have to prove her guilty or not, by the way. If the president fires you, you’re fired.

“The President appoints Federal Reserve governors,” affirmed Kudlow, the former director of the National Economic Council. “He appoints them with the confirmation of the Senate; therefore, he should be able to fire them.”

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“You know, people have her dead to rights on the mortgage fraud. But even putting that aside, she should not be permitted to go into the building,” the Fox Business Network host added.

Cook sued Trump in DC Aug. 28 to prevent her firing, and a federal judge granted a preliminary injunction late Tuesday keeping her in office.

Federal Housing Finance Agency Director Bill Pulte prompted Cook’s sacking after alleging she had claimed primary-residence status on two properties — one in Georgia; the other in Michigan — in order to obtain more favorable loan terms.

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Full Episode

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Pulte also claimed Cook’s Cambridge, Mass., condo was listed as a rental property on government ethics forms submitted ahead of her Senate confirmation — but as a “second home” on mortgage documents between 2021 and 2025.

Attorneys for Cook have argued the firing by Trump violated their client’s due process rights and that the president had not demonstrated sufficient “cause” for her removal, while suggesting that the allegedly fraudulent mortgage terms were a “clerical error.”

Lawyers for the Trump administration have countered that the erroneous loan filings by Cook were either “intentional” — and therefore criminal — or negligent, and thus grounds for removal.

“You can only fire Fed people for cause. The trouble is the Federal Reserve Act of 1913 never defined the word ’cause,’ all right. What does ’cause’ mean?” asked Kudlow. “I think … that cause should be whatever the chief executive says it is.”

The discovery of the details of the mortgages also resulted in referrals by Pulte to the Department of Justice for further investigation of Cook.

Pulte also dug up purportedly phony loan agreements inked by other public officials — including Sen. Adam Schiff (D-Calif.) and New York Attorney General Letitia James.

At the same time, Trump has been putting pressure on Fed chair Jerome Powell to cut interest rates as the central bank’s Board of Governors and several Reserve Bank presidents are scheduled to meet to discuss US monetary policy on Sept. 16 and 17 in DC.

“She must not be able to sit in those meetings,” Kudlow insisted. “She must not be able to vote in those meetings. She has been fired.”