Trump mounts new effort to fire Fed's Lisa Cook after Supreme Court ruling
The White House has informed Lisa Cook, a member of the Federal Reserve Board of Governors, that President Trump is considering firing her.
The White House has informed Lisa Cook, a Federal Reserve Board member, that President Trump is considering removing her from her position due to allegations of mortgage fraud, according to a letter obtained by CBS News. The decision comes after the Supreme Court blocked Trump from firing Cook last June, stating that he did not provide her with the required procedural protections before her dismissal.
The letter, dated August 5, outlines the accusations against Cook and sets an August 26 deadline for her to respond. Cook's attorneys vow to challenge the allegations, emphasizing that they are as baseless as when Trump attempted to remove her last year. Cook denies any wrongdoing and maintains her innocence, stating that there is no valid cause for her removal under the facts and Supreme Court precedent.
Written by urgent.news from CBS News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
