[White House Economic Advisor Suggests Fed Governor Cook Take Leave During Lawsuit] White House National Economic Council Director Hassett suggested that Federal Reserve Governor Cook take a temporary leave of absence during the lawsuit concerning her tenure, calling it a 'decent course of action.' Hassett stated that the President has the authority to dismiss a Federal Reserve Governor for valid reasons and believes the related allegations are serious. Previously, Trump sent a letter to Cook announcing her immediate dismissal, accusing her of misconduct in a mortgage application.