Trump moves to fire Fed Governor Lisa Cook after Supreme Court ruling
Select a version of the text written from a presumed ideological perspective. This is not the original text, but a hypothetical version — how someone with that viewpoint might have phrased it. Tapping the current version again will return to the original or select cleaned version.
The White House has issued a notice to Federal Reserve Governor Lisa Cook, giving her three weeks to respond to alleged mortgage fraud, as President Trump seeks to remove her despite a recent Supreme Court decision limiting his authority.
President Donald Trump has initiated a new effort to remove Lisa Cook from the Federal Reserve Board of Governors, sending a letter that requires her to answer allegations of mortgage fraud within three weeks. The notice, reportedly signed by Deputy Chief of Staff Dan Scavino, cites the Supreme Court's June decision that upheld procedural safeguards for removing Fed members, but does not address the merits of the accusations.
Chief Justice John Roberts wrote that a Fed governor must be given notice and an opportunity to respond before any removal "for cause" can be considered, leaving the substantive question of the allegations unresolved. Trump previously announced on social media that he would take "appropriate action immediately" to prevent a governor he described as having "committed wrongdoing" from influencing policy.
Cook's attorney, Abbe Lowell, called the allegations "baseless" and said the administration will continue to challenge the removal effort. Cook herself denied any wrongdoing, stating that the attempt to oust her is a "manufactured pretext" linked to her refusal to alter interest-rate decisions for political reasons.
The allegations stem from referrals by Bill Pulte, director of the Federal Housing Finance Agency, and a letter from DOJ official Ed Martin urging Fed Chair Jerome Powell to remove Cook. Previous attempts to fire her were blocked by lower courts, and a federal judge emphasized that the Fed Board is designed to be insulated from political pressure. Legal experts expect the new challenge to revisit the Supreme Court's guidance on the president's authority to dismiss Fed officials.