Trump administration proceeds with efforts to fire Federal Reserve governor Lisa Cook
The Trump administration is moving ahead with its efforts to fire Federal Reserve governor Lisa Cook, two months after the Supreme Court allowed her to retain her job while she fights the president's effort to terminate her over mortgage fraud allegations that she has denied.
President Donald Trump is once again attempting to remove Federal Reserve Governor Lisa Cook, despite a recent Supreme Court ruling that blocked his previous efforts. The White House has sent Cook a letter, claiming she committed mortgage fraud and negligence, which could result in up to 30 years in prison. Cook's lawyer refutes these allegations, calling them baseless and stating there is no valid cause for her removal.
This is the second attempt by Trump to remove Cook this week, following his initial effort to limit birthright citizenship, which the Supreme Court also blocked. The Federal Reserve and White House have not commented on the matter.
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