Trump Administration Seeks to Fire Federal Reserve Governor Lisa Cook Again
The Trump administration is moving forward with efforts to fire Federal Reserve Governor Lisa Cook. This comes two months after the Supreme Court allowed her to remain in her position while she fights the president's effort to terminate her over mortgage fraud allegations that she has denied.
Cook was nominated to the Fed's Board of Governors by President Joe Biden, and the Trump administration is appealing a lower-court ruling in Cook's favor. In a letter obtained by The Associated Press, White House aide Dan Scavino told Cook that Trump was 'considering removing you from your position,' but cited the Supreme Court's requirement of proper notice.
Cook has aggressively defended herself against the allegations, saying the president had attempted to oust her 'on a manufactured pretext because I refused to bow to political pressure and continued to set interest rates based only on what would best serve the American people.'