Trump again seeks to remove Fed governor Lisa Cook; Supreme Court previously rejected dismissal attempt

President Donald Trump has reignited his efforts to remove Federal Reserve Governor Lisa Cook, despite a previous attempt being rejected by the Supreme Court. The administration's latest move comes in the form of a letter notifying Cook that it "considers" removing her from office.

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The White House's justification centers on alleged false statements Cook made about her primary residence in 2021. According to a letter signed by Deputy White House Chief of Staff Dan Scavino, Cook reportedly declared two different properties as her main home within a two-week period. The administration argues this constitutes potential fraud or, at minimum, gross negligence, rendering her unfit for her role at the Federal Reserve.

Cook's legal team swiftly responded, calling the accusations "baseless" and asserting that they lack merit, just as they did a year ago when Trump first attempted to dismiss her. They emphasized that the Supreme Court's prior ruling, which upheld the independence of the central bank, clearly established that there is no valid cause for Cook's removal. The team vowed to challenge this "new pretext" just as they challenged the previous one.

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These accusations are baseless now, just as they were a year ago, when President Trump attempted to dismiss Governor Cook and interfere with the independence of the Federal Reserve.

This renewed effort by Trump to dismiss a Fed governor highlights his ongoing attempts to influence the independent central bank. The Supreme Court's previous 5-4 decision in June was a significant setback for Trump's efforts to exert control over the Federal Reserve, which he has publicly pressured for aggressive interest rate cuts.

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Regardless of what President Trump attempts next, the facts and Supreme Court precedent make one thing clear: there is no valid cause to remove Governor Cook.