Trump Renews Effort to Fire Fed Governor Lisa Cook Over Mortgage Fraud Allegations

President Donald Trump is once again seeking to remove Federal Reserve Governor Lisa Cook, intensifying his campaign against the central bank's independence. This renewed effort comes after the U.S. Supreme Court previously blocked his attempt to dismiss her earlier this year.

“

considering

The White House, in a letter, informed Cook that Trump is "considering" her removal and demanded a response to allegations of mortgage fraud within three weeks. Cook's attorney, Abbe D. Lowell, vehemently denied these claims, labeling them "baseless" and stating there is "no valid cause" for her removal. He vowed to challenge this "latest pretext" to preserve her position and the Federal Reserve's historic role.

“

baseless

This move marks the second time this week Trump has pursued actions that the Supreme Court had previously ruled against. Earlier, he issued another order attempting to restrict birthright citizenship after the court rejected his initial effort. The letter to Cook, signed by Deputy Chief of Staff Dan Scavino, alleged criminal conduct punishable by up to 30 years in prison and negligence that questioned her trustworthiness as a Fed governor.

“

there is no valid cause

Trump's initial attempt to fire Cook, the first Black woman to serve as a Fed governor, cited mortgage fraud allegations, which she denied as a pretext for policy disagreements. The Supreme Court's 5-4 ruling in June protected the Fed's independence, preventing Trump from removing Cook at that time. No president since the Federal Reserve's founding in 1913 had attempted to oust a governor.

“

As we did before, we will challenge this latest pretext and preserve her position and the historic role of the Fed