Trump Revives Bid to Oust Fed's First Black Woman Governor

The Trump administration has revived its attempt to remove Federal Reserve Governor Lisa Cook from her position. This move comes after the Supreme Court blocked her ousting last year, citing procedural grounds.

Cook was given 21 days to respond to allegations of mortgage fraud, which she has repeatedly denied and for which she has not been criminally charged.

The Trump administration's effort to remove Cook is based on the same unproven allegations that were cited in last year's attempt. The Supreme Court had ruled that Cook was entitled to notice and a chance to respond to the allegations before being fired 'for cause.'