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Trump Renews Bid to Fire Fed Governor Over Mortgage Fraud Allegations

Guavy AI Editorial Team
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US President Donald Trump has renewed his attempt to remove Federal Reserve Governor Lisa Cook from her position. This move reignites a major legal and political battle over presidential power and the independence of America's central bank.

The Trump administration is seeking Cook's removal due to allegations involving mortgage documents from 2021, which she handled before joining the Federal Reserve in 2022. Trump has accused Cook of mortgage fraud, while Cook denies wrongdoing and her lawyers have called the allegations baseless and politically motivated.

Cook's deadline to respond to these allegations is August 26. This marks a new chapter in the ongoing battle between President Trump and Governor Cook over the latter's role at the Federal Reserve.

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