White House Escalates Political Attack on Fed Governor Lisa Cook
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The Trump administration is once again targeting Federal Reserve Board Governor Lisa Cook, a respected Black economist, with dubious allegations about mortgage agreements, despite a Supreme Court ruling that previously blocked her removal.
On Wednesday, the White House intensified its campaign against Federal Reserve Board Governor Lisa Cook, with President Donald Trump signaling renewed intent to oust her from office. In a letter from senior aide Dan Scavino, the administration dredged up unsubstantiated claims that Cook made 'false statements on one or more mortgage agreements,' demanding she justify herself within three weeks.
This move comes after Cook, a trailblazing Black woman in economics, has already faced relentless attacks and denied all allegations, responding with a lawsuit to defend her position. A federal court had previously protected her from Trump's attempts at removal, a decision the Supreme Court narrowly upheld in June. Chief Justice John Roberts clarified that while the ruling did not entirely foreclose future attempts, any new action must adhere to strict procedural safeguards.
Cook's attorney, Abbe Lowell, condemned the administration’s baseless accusations as a transparent attempt to erode the independence of the Federal Reserve and punish a governor who refuses to bend to political pressure. 'No matter what President Trump tries to do next, this much is clear under the facts and Supreme Court precedent — there is no valid cause for removing Governor Cook,' Lowell asserted.
The Federal Reserve, maintaining its tradition of independence, has not responded to the administration’s latest political maneuver.