Trump Revives Bid to Oust Fed Governor Over Mortgage Allegations

President Donald Trump is considering renewing his push to fire Federal Reserve Governor Lisa Cook due to mortgage fraud allegations. This comes after the Supreme Court ruled in a 5-4 decision that the president cannot remove members of the independent central bank without cause, but also did not address the underlying facts of the case.

The White House is seeking a response from Cook within three weeks about the allegations made against her last year. The administration levied these claims after Cook refused to allow politics to influence her decisions regarding monetary policy, which she stated are guided by evidence and independent judgment, free from political interference.

Cook was first targeted for removal in August 2025, when Trump announced her termination amid an ongoing legal battle over his ability to remove members of the Federal Reserve. The Supreme Court's recent decision did not address whether Cook can be removed for cause, but rather stated that she is entitled to notice and opportunity to respond prior to her removal.

Cook has maintained that the case against her was a 'manufactured pretext' and that she refused to allow politics to influence her decisions as Federal Reserve Governor. The Supreme Court's decision has been seen as a win for the independence of the Fed, which is a principle that has underpinned sound economic stewardship for generations.