Trump Administration Seeks Second Chance to Fire Federal Reserve Governor Lisa Cook

The Trump administration is pushing forward with its efforts to fire Federal Reserve governor Lisa Cook, two months after the Supreme Court allowed her to remain in her position while she fights the president's attempt to terminate her over mortgage fraud allegations.

Cook was nominated to the Fed's Board of Governors by President Joe Biden and has denied the allegations, which date back to last August when Bill Pulte, director of the Federal Housing Finance Agency, made a criminal referral accusing her of committing mortgage fraud by declaring two different homes as 'primary residence.'

Cook's lawyer, Abbe Lowell, argued that she had mostly lived in one of the properties since first purchasing it in 2005 and that referring to it as her primary residence was accurate. He also pointed out that in a later document, she referred to the other home as a 'vacation home.'

The Supreme Court's decision in June allowed Cook to remain in her post while her lawsuit challenging her firing continues. Chief Justice John Roberts wrote that nothing forbids President Donald Trump from trying again to fire Cook if she is given proper notice and a chance to contest it.