Trump Administration Seeks to Remove Fed Reserve Gov Lisa Cook Over Mortgage Allegations

The Trump administration has renewed its effort to remove US Federal Reserve Governor Lisa Cook from her position. This move follows the Supreme Court's decision earlier this year, which blocked Trump's first attempt to fire Cook due to procedural requirements not being met.

A letter was shared by media on Friday, giving Cook 21 days to respond to mortgage fraud allegations. The White House claims that these allegations constitute 'cause' for removal and 'undermine public confidence' in the Federal Reserve.

Cook's lawyers have rejected the allegations, stating they are 'as baseless now as they were a year ago.' They intend to challenge this latest attempt by Trump to remove Cook from her position.