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Abbe Lowell

ON THE RECORD · 7 verbatim quotes · every quote source-verified

An inadvertent oversight is not fraudulent or criminal,

Abbe Lowell · said 2026-08-27 · reported 2026-08-27

Lowell noted that Trump administration officials including Treasury Secretary Scott Bessent and Attorney General Todd Blanche had also listed multiple properties as primary residences.

verbatim, matched to source CNBC
But neither of those acts shows intentional wrongdoing or amounts to a crime, and neither constitutes 'cause' under the Federal Reserve Act.

Abbe Lowell · said 2026-08-27 · reported 2026-08-27

Lowell argued that the acts described in Scavino's letter did not amount to a crime or constitute cause for removal under the Federal Reserve Act.

verbatim, matched to source CNBC
two acts by Governor Cook that, 'taken together,' supposedly constitute grounds for her removal,

Abbe Lowell · said 2026-08-27 · reported 2026-08-27

Lowell's letter described and characterized the two acts that Scavino's Aug. 5 letter claimed constituted grounds for Cook's removal.

verbatim, matched to source CNBC
Governor Cook's apparent mistake on a form provided to her by her lender, which was aware of her other residences, was unintentional, not criminal, and occurred in her private capacity before she took office.

Abbe Lowell · said 2026-08-27 · reported 2026-08-27

Lowell characterized Cook's error on a lender form as an unintentional mistake made in her private capacity before she took office.

verbatim, matched to source CNBC
remain unfounded and untrue.

Abbe Lowell · said 2026-08-27 · reported 2026-08-27

Lowell sent a five-page letter to the White House defending Cook against allegations of mortgage fraud ahead of a reply deadline set by the White House.

verbatim, matched to source CNBC
would ignore the facts and the law.

Abbe Lowell · said 2026-08-27 · reported 2026-08-27

Lowell wrote in his letter to White House counsel David Warrington that firing Cook based on the criminal referral from Bill Pulte would ignore the facts and the law.

verbatim, matched to source CNBC
would raise troubling questions about why President Trump is singling out Governor Cook.

Abbe Lowell · said 2026-08-27 · reported 2026-08-27

Lowell argued that firing Cook based on Pulte's allegations would be selective and would raise questions about Trump's motives.

verbatim, matched to source CNBC
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