Trump Targets Fed Governor Again Amid Mortgage Fraud Allegations
US President Donald Trump has reinitiated his effort to remove Federal Reserve Governor Lisa Cook from her position. The move reignites a major legal and political battle over presidential power and the independence of America's central bank.
The allegations against Cook involve mortgage documents from 2021, before she joined the Federal Reserve in 2022. Trump has accused Cook of mortgage fraud, while Cook denies wrongdoing and her lawyers have called the allegations baseless and politically motivated.
In August 2026, the Supreme Court previously ruled 5-4 that Cook could remain in her position while she challenges her removal, finding that she had not been given the required procedural protections. However, Chief Justice John Roberts indicated that the president could pursue removal if Cook received proper notice and an opportunity to respond.
Cook's deadline to respond is August 26, as per the Supreme Court ruling.