Trump Presses for Fed Governor's Removal Again, Citing Fraud Allegations

The White House has renewed its efforts to

The White House has renewed its efforts to dismiss Federal Reserve Governor Lisa Cook, this time referencing a recent Supreme Court ruling that actually affirmed the central bank's autonomy. According to sources, Cook received a new communication from the administration, notifying her that President Donald Trump is weighing her removal over the same mortgage fraud accusations he raised last year.

This move comes despite the Supreme Court's June decision, which many viewed as a victory for Federal Reserve independence. The court's ruling did not strip the president of all removal powers but set procedural limits, and the administration appears to be leveraging these new guidelines to continue its campaign against Cook.

The allegations against Cook, which she has consistently denied, center on purported irregularities in her personal mortgage applications. Last summer, Trump publicly accused her of these offenses, but no formal charges have been filed, and Cook has retained her position.

Legal experts note that the Supreme Court's decision

Legal experts note that the Supreme Court's decision requires the president to provide specific reasons for removal, which the White House argues it has done. However, critics contend that the accusations are politically motivated, aimed at reshaping the Fed's leadership to align with the president's calls for lower interest rates.

Cook, an economist and former university professor, has been a vocal advocate for tighter monetary policy, often diverging from Trump's preferences. Her term is not set to expire for several years, and any removal would likely face legal challenges, potentially reaching the Supreme Court again.

As of now, the Fed has not issued an official response, and Cook has not publicly commented on the latest development. The situation underscores the ongoing tension between the executive branch and the central bank, raising questions about the long-term stability of the Fed's independent decision-making.