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Trump Renews Bid to Fire Fed Governor Lisa Cook Amid Mortgage Fraud Allegations

Guavy AI Editorial Team
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Federal Reserve Governor Lisa Cook has denied allegations of mortgage fraud made by President Donald Trump. The allegations, which have been repeated by Trump as he considers whether to renew his effort to remove Cook from her position, have been deemed 'unfounded and untrue' by Cook's attorneys.

In a letter sent to the White House on Wednesday, August 26, Cook's attorneys stated that there is no legally cognizable cause for removing her from the Federal Reserve Board. Trump has not commented on the letter, but his repeated claims have sparked concerns about the central bank's independence.

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