Trump Targets Fed Governor Lisa Cook Again in Politically Motivated Witch Hunt
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President Trump has once more attempted to oust Federal Reserve Governor Lisa Cook, weaponizing baseless mortgage fraud allegations, after the Supreme Court blocked his previous attack.
President Donald Trump has renewed his politically charged campaign to remove Federal Reserve Governor Lisa Cook, this time reviving unsubstantiated claims that she provided false statements on mortgage applications. This latest move comes after the Supreme Court intervened to halt his earlier attempt to undermine the independence of the Federal Reserve. Deputy White House Chief of Staff Daniel Scavino, acting on Trump's behalf, sent a letter to Cook demanding a response to these dubious accusations, which originated from mortgage industry insider William Pulte, a figure with deep ties to Fannie Mae and Freddie Mac and a history of supporting deregulation.
"Even if your conduct does not rise to the level of felony offense, it appears to demonstrate a level of gross negligence in financial transactions that calls into question your competence and trustworthiness as a financial regulator," the letter provocatively stated, echoing the administration’s ongoing efforts to discredit public servants who resist their agenda. Cook has firmly denied any wrongdoing. Her attorney, Abbe Lowell, condemned the claims as baseless and politically motivated, vowing to fight the administration’s attempt to purge independent voices from the Fed and highlighting the critical importance of central bank autonomy. This renewed attack was first reported by a major broadcast network. Trump’s earlier attempt to dismiss Cook occurred during his public crusade against the central bank for refusing to recklessly slash interest rates, a campaign that also saw him threaten to fire then-Fed Chair Jerome Powell, whose term ended in May but who remains on the board.