Trump Seeks to Oust Fed Governor Lisa Cook Over Mortgage Allegations
US President Donald Trump has renewed his attempt to remove Federal Reserve Governor Lisa Cook from her position, reigniting a contentious battle over presidential power and central bank independence.
The move comes after the Supreme Court previously ruled that Cook could remain in her role while she challenged her removal. However, the court's decision did not prevent Trump from attempting to fire her again if he provides proper notice and an opportunity for her to respond.
Cook's deadline to respond is August 26. The allegations against her involve mortgage documents from 2021, before she joined the Federal Reserve in 2022. Trump has accused Cook of mortgage fraud, while she denies wrongdoing and claims the allegations are baseless and politically motivated.