Trump revives effort to fire Federal Reserve Governor Lisa Cook

Published Aug 7, 06:38 PM UTC

President Donald Trump is again attempting to fire Federal Reserve Board Governor Lisa Cook, reviving an effort previously blocked by the Supreme Court. White House aide Dan Scavino sent Cook a letter alleging she made false statements on mortgage agreements, citing the Supreme Court's opinion as justification for the new attempt. Trump first tried to fire Cook last year on similar mortgage fraud allegations, which she denied, leading to a lawsuit that a federal court blocked. The Supreme Court upheld that block in a 5-4 ruling in late June, but Chief Justice John Roberts noted the decision did not prevent Trump from trying again with additional due process steps. Cook's attorney, Abbe Lowell, stated the allegations are baseless and vowed to challenge the latest effort. The move is seen as part of Trump's broader pressure on the Fed to cut interest rates.