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Trump Renews Push to Remove Fed Governor Lisa Cook

other · 2026-08-07

US President Donald Trump has once again initiated steps to oust Federal Reserve Governor Lisa Cook, despite a Supreme Court decision in June that thwarted his previous attempt. A letter obtained by Reuters reveals that the White House has indicated Trump is 'considering' her dismissal and has requested a response regarding unsubstantiated mortgage fraud claims within three weeks. Cook's attorney, Abbe D. Lowell, dismissed the allegations as 'baseless' and asserted that there is 'no valid cause' for her removal, pledging to contest this latest rationale. The letter, which was first reported by ABC News and signed by Deputy Chief of Staff Dan Scavino, accused Cook of crimes that could lead to a 30-year prison sentence and described her actions as negligent. This marks the second instance this week where Trump has revived efforts previously blocked by the Supreme Court, following a new directive aimed at restricting birthright citizenship. This action further underscores Trump's ongoing challenge to the autonomy of the central bank.

Key facts

  • Trump renews effort to fire Federal Reserve Governor Lisa Cook.
  • Supreme Court in June blocked earlier removal attempt.
  • White House letter says president is 'considering' removing Cook.
  • Cook given three weeks to respond to unproven mortgage fraud allegations.
  • Cook's lawyer calls allegations 'baseless' and vows to challenge.
  • Letter signed by Deputy Chief of Staff Dan Scavino.
  • Allegations include crimes punishable by up to 30 years in prison.
  • Second time this week Trump restarted actions blocked by Supreme Court.

Entities

Institutions

  • Federal Reserve
  • US Supreme Court
  • White House
  • ABC News
  • Reuters
  • Federal Reserve Board
  • Supreme Court

Locations

  • United States

Sources