Trump Renews Push to Remove Fed Governor Over Mortgage Allegations

US President Donald Trump has renewed his bid to remove Federal Reserve Governor Lisa Cook from her position, escalating an attack on the US central bank's independence.

The latest move comes after a Supreme Court intervention in May prevented Trump's previous effort to oust Cook. According to a letter reviewed by Reuters, the White House has given Cook three weeks to respond to allegations linked to mortgage applications before Trump decides whether to remove her from the Federal Reserve Board.

The allegations center on properties Cook listed as primary residences in Georgia and Michigan, potentially allowing borrowers to access more favorable mortgage conditions. However, the accusations have not produced clear evidence that Cook deliberately misled lenders.