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Trump Renews Bid to Fire Fed's Cook Over Unproven Mortgage Fraud Claims

Guavy AI Editorial Team
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Federal Reserve Governor Lisa Cook has denied allegations of wrongdoing made by President Donald Trump. The unproven mortgage fraud claims were repeated by Trump as he considers whether to renew his effort to remove Cook from her position at the central bank.

Cook's attorneys sent a letter to the White House on Wednesday, calling the allegations 'unfounded and untrue.'

The move likely launches another contentious legal battle over the independence of the Federal Reserve. Trump has previously targeted Cook for removal due to these unproven claims.

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