Trump renews effort to fire Fed’s Lisa Cook despite Supreme Court ruling
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 dealt him a significant setback in his bid to remove her earlier this year, according to a letter seen by Reuters. The White House told Cook in a letter this week that the president was “considering”…
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.
Written by urgent.news from South China Morning Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
