https://www.live-feeds.com/feed/lisa-cook-fires-back-at-white-house-argues-no-legal-basis-for-her-removalContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/lisa-cook-fires-back-at-white-house-argues-no-legal-basis-for-her-removalhttps://www.live-feeds.com/feed/lisa-cook-fires-back-at-white-house-argues-no-legal-basis-for-her-removal#u51145Sat, 29 Aug 2026 01:45:55 +0000Federal Reserve Governor Lisa Cook is defending herself against a threat from former President Donald Trump to remove her from the Fed board, arguing there is no legal basis for her removal. Cook's lawyer has fired back at the Trump administration, denying any wrongdoing and stating that Cook 'never committed mortgage fraud'. The dispute centers on Trump's authority to remove Cook, who was appointed by President Joe Biden.Why it mattersThe controversy began with Trump's criticism of Cook, a Democrat, and his threat to remove her from the Fed board. The issue has sparke