Trump Targets Fed Governor Over Mortgage Allegations

US President Donald Trump has renewed his bid to remove Federal Reserve Governor Lisa Cook from her position, reigniting a contentious battle over presidential power and the independence of America's central bank. The Trump administration is seeking Cook's removal over allegations involving mortgage documents from 2021, before she joined the Federal Reserve in 2022.

Cook denies wrongdoing, calling the allegations baseless and politically motivated. Her lawyers have argued that Trump has no grounds for removing her, given the Supreme Court's previous ruling that allowed her to remain in her position while challenging her removal.

The Supreme Court had previously ruled 5-4 that Cook could stay in her role until she received proper notice and an opportunity to respond. With Cook's deadline to respond set for August 26, Trump is now seeking to remove her once more.