Lisa Cook Hits Back at Trump’s Latest Attempt to Oust Her as Fed Governor
Federal Reserve Governor Lisa Cook is fighting a second attempt by the Trump administration to remove her from the central bank. In a letter to the White House released Wednesday night, Cook denied allegations of mortgage fraud and stated there is "no legitimate basis for removal." The administration recently sent a letter indicating it is "considering" her removal. Cook has denied any intentional wrongdoing, challenging the legal grounds for the president to fire her from the governing board.
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- ✓ Lisa Cook stated there is "no legitimate basis for removal" regarding mortgage claims.
- ✓ The Trump administration is making a second attempt to remove Cook from the Federal Reserve.
- ✓ The Supreme Court blocked Trump from firing Cook in late June but left a path for further removal attempts.
- ✓ Cook denied intentional wrongdoing in a letter to the White House released Wednesday night.
What changed
Lisa Cook issued a formal written defense denying mortgage fraud claims following a White House letter considering her removal.
Live updates
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Fed Governor Lisa Cook Rejects Trump Administration Ouster Attempt
Federal Reserve Governor Lisa Cook is fighting a second attempt by the Trump administration to remove her from the central bank. In a letter to the White House released Wednesday night, Cook denied allegations of mortgage fraud and stated there is "no legitimate basis for removal." The administration recently sent a letter indicating it is "considering" her removal. Cook has denied any intentional wrongdoing, challenging the legal grounds for the president to fire her from the governing board.
Why it matters
The Federal Reserve typically operates independently from the executive branch to maintain economic stability. This conflict follows a late June Supreme Court ruling that blocked Trump from firing Cook while leaving a legal path for future removal attempts.
What is confirmed
- Lisa Cook stated there is "no legitimate basis for removal" regarding mortgage claims.
- The Trump administration is making a second attempt to remove Cook from the Federal Reserve.
- The Supreme Court blocked Trump from firing Cook in late June but left a path for further removal attempts.
- Cook denied intentional wrongdoing in a letter to the White House released Wednesday night.
What to watch next
- A formal decision from the White House on whether to proceed with the removal
- Further legal challenges or appeals reaching the Supreme Court
confidence 100%Sources used for this update (9)
- Axios — Fed governor Lisa Cook: "No legitimate basis for removal" on Trump mortgage claims
- vox.com — Trump’s new attempt to seize control of the Federal Reserve, explained
- The New York Times — Fed Governor Targeted by Trump Issues Defense Against Attempted Ouster
- Bloomberg — Fed’s Cook Denies Wrongdoing as Trump Renews Bid to Fire Her
- Al Jazeera — Federal Reserve Governor Lisa Cook denounces Trump’s mortgage fraud claims
- apnews.com — Fed governor Lisa Cook slams Trump’s renewed threat to fire her
- www.americanbanker.com — Cook denies 'intentional wrongdoing' as Trump seeks ouster
- www.cnbc.com — Fed's Lisa Cook turns mortgage allegations back on Trump and his Cabinet
- www.scotusblog.com — Fed Governor Lisa Cook responds to Trump administration’s letter stating that it is “considering” her removal
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