Trump Seeks to Oust Fed Governor Over Mortgage Fraud Allegations

President Trump is attempting to remove Lisa Cook from her position as a member of the Federal Reserve Board of Governors. The move comes after the Supreme Court blocked his previous attempt to fire Cook last year, citing that he failed to provide adequate notice and opportunity for her to respond to the allegations.

The allegations against Cook center around claims she made false statements on mortgage agreements related to two properties in Michigan and Georgia.

Cook has denied any wrongdoing and has not been charged with a crime. The White House has informed Cook that President Trump is considering firing her due to these allegations, and has set an August 26 deadline for her to provide a response.