Trump Administration Seeks to Remove Federal Reserve Governor Lisa Cook

The Trump administration is moving forward with its efforts to fire Federal Reserve governor Lisa Cook, despite a previous Supreme Court ruling that allowed her to remain in her position while she challenges the allegations.

Cook was nominated to the Fed's Board of Governors by President Joe Biden and has denied mortgage fraud allegations made against her.

The Trump administration is appealing a lower-court ruling in Cook's favor, and White House aide Dan Scavino informed Cook that Trump was 'considering removing you from your position' but cited the Supreme Court's requirement of proper notice.

Cook has defended herself against the allegations, stating she refused to bow to political pressure and continued to set interest rates based on what would best serve the American people.