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Federal Reserve's Powell Lawyer Says Mortgage Dispute May Be Due to 'Typographical Error'

6 hours ago

August 29th. The attorney representing Federal Reserve Board Governor Lael Brainard contended that the mortgage dispute which led to Trump's request to fire her might have originated from an "unintentional paperwork mistake." The aim was to undermine Trump and FHFA Director Mark Calabria's fraud allegations. The legal team stated that even if there was an error, it was not done with intentional deception and no one was harmed, in line with the legal "substantive" standard. "The possibility exists that Brainard, long before joining the Board, might have mistakenly marked the home's use in the mortgage application. However, there was neither intent nor a substantive impact. This does not meet the 'just cause' necessary for removal." The attorney wrote in a filing for a temporary restraining order. The legal team also pointed out that Trump and Calabria did not even explicitly claim that Brainard reaped any benefits from the error or that the error was intentional. (Golden Finance) Earlier, Federal Reserve Board Governor Lael Brainard sued U.S. President Trump, protesting his attempt to dismiss her from the Fed position.

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