Trump Administration Seeks to Fire Fed Governor Over Mortgage Fraud Allegations

The Trump administration is moving forward with its efforts to fire Federal Reserve Governor Lisa Cook. This comes two months after the Supreme Court allowed her to retain her job while she fights the president's effort to terminate her over mortgage fraud allegations that she has denied. The White House has announced its intention to proceed with the termination, despite Cook's continued denial of any wrongdoing. In a statement, the administration cited the need for 'accountability' in regulatory positions. This move marks a significant escalation in the ongoing conflict between the Trump administration and Cook, who was appointed to the Federal Reserve Board of Governors in 2020.