Trump Renews Effort to Fire Fed Governor Amid Mortgage Fraud Allegations

U.S. President Donald Trump is once again trying to remove Federal Reserve Governor Lisa Cook from her position, citing mortgage fraud allegations that have been previously discredited.

The White House sent a letter to Cook demanding she respond to the unproven allegations within three weeks, which her attorney called 'baseless.'

Cook's removal is being seen as a move to undermine the central bank's independence, with some experts predicting it could take a year or more to resolve.

Trump has repeatedly targeted Cook and other Fed officials, who he claims are not doing enough to support his economic agenda.