Trump Moving Forward with Attempt to Fire Fed's Lisa Cook After Supreme Court Ruling
The White House says Cook must answer mortgage-fraud claims within three weeks as Trump renews his effort to remove the Federal Reserve governor.
- President Donald Trump renewed his attempt to remove Federal Reserve Governor Lisa Cook on Friday, two months after the Supreme Court blocked his initial effort to preserve the central bank's independence.
- White House Deputy Chief of Staff Dan Scavino sent a letter dated August 5 to Cook, claiming the President is "considering" her removal due to unproven mortgage fraud allegations raised by Bill Pulte, director of the Federal Housing Finance Agency.
- The Supreme Court's 5-4 ruling in June blocked the initial firing, citing failure to provide procedural protections; Trump's administration is now attempting to remedy those issues by demanding Cook respond within three weeks.
- Cook, the first Black woman to serve on the Federal Reserve Board, denied the allegations and has not been charged with any crime, maintaining the claims are a pretext for policy disagreements.
- Chief Justice John Roberts wrote in June that allowing the President to fire Cook "would in effect transform the Federal Reserve's for-cause protection into at-will employment," warning against political interference in central banking traditions.
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117 Articles
The U.S. President informed Lisa Cook by letter of her imminent resignation. Previously, the Supreme Court had rejected a request for Cook's release.
Trump Moving Forward with Effort to Remove Lisa Cook After Supreme Court Ruling
President Donald Trump is moving forward with an effort to remove Lisa Cook from the Federal Reserve over allegations of mortgage fraud. The White House notified Cook via a letter Wednesday, which was obtained Friday by Just the News, that the president was "considering" removing her from her role on the Federal Reserve Board of Governors. The letter demanded she respond within three weeks to allegations of making false statements on mortgage a…
Trump tries again to fire Fed governor Lisa Cook after narrow Supreme Court decision, renewing battle over central bank independence
“No matter what President Trump tries to do next, this much is clear under the facts and Supreme Court precedent — there is no valid cause for removing Governor Cook."
After SCOTUS win, Trump begins process to fire Fed Board governor Lisa Cook – again
Lisa D. Cook (Official portrait) President Donald Trump tried to fire Lisa Cook from her position at the Federal Reserve earlier. She went to court and ultimately the Supreme Court voted 5-4 to temporarily block his dismissal plan. But then it outlined how the decision did not prevent Trump from trying to remove her later,...
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