Trump Administration Pursues Removal of Federal Reserve Governor Lisa Cook
The Trump administration has continued its efforts to remove Federal Reserve governor Lisa Cook from her position, despite her winning a temporary reprieve in court two months ago.
Cook's removal was allowed while she fights allegations of mortgage fraud that she denies. The allegations were made under the False Claims Act, and if found guilty, she could face significant fines or even imprisonment.
The Trump administration has been pushing for Cook's termination since January 2026, citing her involvement in a mortgage-related scandal. However, Cook has maintained her innocence throughout the process.
The Federal Reserve's Board of Governors has not commented on the matter, but the Supreme Court's decision to allow Cook to remain in her position has given her some breathing room.