Trump Targets Federal Reserve Governor Lisa Cook Over Mortgage Fraud Allegations

US President Donald Trump has renewed his effort to remove Federal Reserve Governor Lisa Cook from her position, sparking a major legal and political battle over presidential power and the independence of America's central bank.

The Trump administration is seeking Cook's removal due to allegations involving 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 a previous ruling, the Supreme Court found that Cook could remain in her position while she challenges her removal, but it did not permanently prevent Trump from attempting to remove her again. Chief Justice John Roberts indicated that the president could pursue removal if Cook received proper notice and an opportunity to respond.