White House signals renewed attempt to dismiss Fed Governor Lisa Cook
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The Trump administration said it is again considering firing Federal Reserve Board Governor Lisa Cook, citing alleged false statements on mortgage agreements, despite a Supreme Court ruling that blocked a prior removal attempt.
The White House announced Wednesday that President Donald Trump is again weighing the dismissal of Federal Reserve Board Governor Lisa Cook. In a letter from senior aide Dan Scavino, the administration claimed there is "sufficient reason to believe that you made false statements on one or more mortgage agreements" and requested Cook provide an explanation and supporting evidence within three weeks.
Cook has previously denied the allegations and filed a lawsuit challenging any attempt to remove her. A federal court had barred the president from firing her while the suit was pending, and the Supreme Court upheld that injunction in a 5-4 decision in June. Chief Justice John Roberts noted that the ruling did not prevent a new effort based on the mortgage fraud claim, but any further action would need to follow additional procedural safeguards.
Cook's attorney, Abbe Lowell, described the accusations as unfounded and said the administration’s move seeks to undermine the Fed’s independence. "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 said.
The Federal Reserve has not responded to requests for comment.