Trump revives effort to fire Fed's Lisa Cook
Trump aide Dan Scavino told Cook there is "sufficient reason to believe that you made false statements on one or more mortgage agreements."
President Donald Trump is reportedly "considering" firing Federal Reserve Board Governor Lisa Cook, reigniting an effort that was halted by the Supreme Court in June. A White House presidential aide, Dan Scavino, sent a letter to Cook on Wednesday, claiming there is "sufficient reason to believe" she made false statements on mortgage agreements.
Cook, who was appointed by the previous administration, denies the allegations and is challenging her dismissal in court. A federal court temporarily blocked Trump from removing her while her lawsuit was ongoing. The Supreme Court ultimately upheld this decision in a 5-4 ruling, but Chief Justice John Roberts noted that it did not prevent Trump from attempting to fire Cook again over the same mortgage fraud allegations.
Scavino stated that he was sending the letter "pursuant to the Supreme Court's opinion," requiring Cook to provide an explanation for the alleged false statements within three weeks. Cook's legal team, led by Abbe Lowell, argues that the allegations are as "baseless now as they were a year ago" and will continue to challenge the latest attempt to remove Cook. The Federal Reserve has not commented on the White House's letter.
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