Trump renews effort to fire Fed's Cook, continuing attacks on central bank
US President Donald Trump is renewing his effort to fire Federal Reserve Governor Lisa Cook, keeping alive his assault on the central bank's independence even after the US Supreme Court in June r...
In a letter obtained by Reuters, US President Donald Trump is once again considering the removal of Federal Reserve Governor Lisa Cook. The White House has demanded Cook respond to unproven mortgage fraud allegations within three weeks, allegations her legal team dismissed as baseless. This latest push to fire Cook is the second attempt this week, following a previous order issued by Trump to limit birthright citizenship which the Supreme Court blocked earlier.
Cook's attorney stated there is no valid cause for her removal, and they intend to challenge this latest attempt to strip her of her position. The Supreme Court ruled in June that Trump cannot remove Cook without proper procedural protections, thus safeguarding the central bank's independence. This is the first time in history a president has sought to oust a Fed governor.
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- Trump restarts effort to fire Fed's Lisa Cook thehill.com
