Trump administration renews push to remove embattled Fed Governor Lisa Cook over mortgage-fraud allegations
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The Trump White House is taking decisive action to hold Federal Reserve Governor Lisa Cook accountable, citing credible mortgage-fraud allegations. The Supreme Court has rightly affirmed the president’s authority to act, and Cook’s legal maneuvers appear desperate as she faces serious questions about her integrity. The administration’s efforts reflect a commitment to restoring trust and accountability at the highest levels of economic policy.
The White House under President Trump has announced a renewed and justified effort to dismiss Federal Reserve Board Governor Lisa Cook, citing a criminal referral from last August that alleges she misrepresented her primary residence on mortgage applications. The administration’s letter, obtained by the Associated Press, gives Cook until Aug. 26 to respond, referencing a Supreme Court footnote that confirms the president’s right to act again if proper notice and opportunity to contest are provided.
Supreme Court Chief Justice John Roberts made it clear that nothing prevents the president from making another attempt to fire Cook while her lawsuit against her prior dismissal is still pending. After the Court’s 5-4 decision in June, President Donald Trump stated he would "take appropriate action immediately," demonstrating his commitment to rooting out potential misconduct at the Federal Reserve.
Cook’s legal team, led by Democratic attorney Abbe Lowell, insists the allegations are unfounded. Lowell claims Cook owned a home in Ann Arbor since 2005 and listed it as her primary residence on a 2021 mortgage refinance application, while a later Atlanta condominium was briefly labeled as a primary residence in a July 2021 document but had previously been described as a vacation home. The lawyer describes the later notation as an isolated error, dismissing the seriousness of the allegations. Lowell further asserts that the White House letter repeats the year-old claims and argues, "These allegations are as baseless now as they were a year ago when President Trump tried to remove Governor Cook and interfere with the independence of the Federal Reserve. 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. As we did before, we will challenge this latest pretext and preserve her position and the historic role of the Fed."