Trump Renews Push to Remove Fed Governor Lisa Cook
President Donald Trump is again attempting to remove Federal Reserve Board Governor Lisa Cook, reviving mortgage fraud allegations that courts have previously rejected as grounds for dismissal. A White House letter delivered to Cook this week states that Trump is 'considering' her removal and gives her three weeks to respond to the allegations. The move follows a Supreme Court rebuff of an earlier attempt to oust her. Cook, a Democrat and the first Black woman to serve on the Federal Reserve Board, has been a target of Trump's criticism over monetary policy. The White House letter, reported by ABC News, does not specify a date for her removal but signals a renewed effort to challenge her position.
Key facts
- Trump is moving forward with a new effort to remove Fed Governor Lisa Cook.
- The effort revives mortgage fraud allegations previously rejected by courts.
- A White House letter delivered this week indicates Trump is 'considering' her removal.
- Cook has three weeks to answer the allegations.
- The Supreme Court rebuffed an earlier attempt to remove Cook.
- Cook is the first Black woman to serve on the Federal Reserve Board.
- The White House letter was reported by ABC News.
Entities
Institutions
- Federal Reserve Board
- White House
- Supreme Court
- ABC News
Sources
- Quartz —