Trump Vows to Remove Fed Governor Over Mortgage Allegations
US President Donald Trump has renewed his effort to remove Federal Reserve Governor Lisa Cook from her position. This 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.
Previous Supreme Court ruling found that Cook could remain in her position while challenging her removal. However, Chief Justice John Roberts indicated that the president could pursue removal if Cook received proper notice and an opportunity to respond.