{
  "id": 285152,
  "title": "Trump renews effort to remove US Fed governor Lisa Cook",
  "url": "https://urgent.news/2026/08/07/trump-renews-effort-to-remove-us-fed-governor-lisa-cook",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-07T23:24:50.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/08/08/trump-renews-effort-to-remove-us-fed-governor-lisa-cook"
  },
  "original_language": "en",
  "account": "In a bid to remove Federal Reserve Governor Lisa Cook, US President Donald Trump has written a letter to her on August 5, informing her that he is considering her removal from the position. The White House letter, seen by AFP, demands that Cook respond within 21 days to allegations of making false statements on mortgage applications, charges she denies.\n\nThis is the first time a US president has attempted to dismiss a Fed governor, a move that marks an unprecedented assault on the central bank's independence. Trump's actions come after the Supreme Court ruled in June that he lacked the authority to dismiss Fed governors \"for any reason, or no reason\". The court emphasized the importance of the Fed's independence, stating its decision was based on the procedural protections afforded to Cook under statute, not the underlying allegations.\n\nCook, the first Black woman to serve as a Fed governor, has consistently denied the allegations against her. She maintains that her dismissal attempt was not about her past mortgage documents, but rather an attempt to remove her due to political pressure and her refusal to bow to it. Democratic Senator Elizabeth Warren has criticized Trump, claiming he is once again attempting to illegally take control of America's central bank, a stance she believes Democrats will fight against.",
  "summary": "Lisa Cook is being asked to respond to unproven allegations that she made false statements on mortgage applications as the US president 'considers her removal'.",
  "key_points": [
    "President Trump wrote letter to Fed Governor Lisa Cook on Aug 5",
    "Cook denies allegations of false mortgage statements",
    "Trump's move marks unprecedented attack on Fed independence"
  ],
  "editors_take": "Trump's attempt to remove Fed Governor Lisa Cook sets a new precedent that undermines the central bank's independence and puts political pressure on its leadership.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Fortune",
        "title": "Trump tries again to fire Fed governor Lisa Cook after narrow Supreme Court decision, renewing battle over central bank independence",
        "url": "https://urgent.news/2026/08/07/trump-tries-again-to-fire-fed-governor-lisa-cook-after-narrow-supreme",
        "published": "2026-08-07T22:40:23.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}