Trump Seeks to Fire Federal Reserve Governor Despite Supreme Court Block

U.S. President Donald Trump is moving forward with his attempt to fire Federal Reserve Governor Lisa Cook, despite being blocked by the U.S. Supreme Court in June. The White House informed Cook that the president was 'considering' removing her from her role and demanded she respond to unproven mortgage fraud allegations within three weeks.

Cook's lawyer, Abbe D. Lowell, called the allegations 'baseless' and stated that there is no valid cause for removing Cook from her position. Lowell added that they will challenge this latest pretext and preserve Cook's position as a Fed governor.

Trump first cited mortgage fraud in trying to fire Cook last year, with Cook denying the allegations and calling them a pretext to remove her due to monetary policy differences. The Supreme Court's 5-4 ruling in June blocked Trump from removing Cook for now, providing a safeguard for the Fed's independence against the president's challenge.