Trump Pushes Ahead with Attempt to Fire Federal Reserve Governor Lisa Cook

US President Donald Trump is moving forward with his attempt to remove Federal Reserve Governor Lisa Cook from her position, despite a Supreme Court ruling in June that upheld limits on the president's ability to fire members of the central bank. The White House notified Cook this week that the president was 'considering' removing her and demanded she respond to allegations of mortgage fraud within three weeks.

The move follows Trump's vow to take action after the Supreme Court's ruling, which said Cook was entitled to notice and an opportunity to respond to the allegations before being removed for cause. The court did not take a position on the underlying allegations against Cook.

Cook has denied wrongdoing and has never been charged with any crime. She was confirmed by the Senate in a 50-50 vote that required then-Vice President Kamala Harris to break the tie.

Trump's effort to fire Cook is likely to reignite the legal battle over the Federal Reserve's independence, as courts are forced to weigh the allegations against Cook or whether Trump met the legal standard to remove her.