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[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 57 sources · 4 days · First seen · Last updated

US administration attempt to remove Federal Reserve Governor

Overview

The Trump administration has renewed efforts to remove Federal Reserve Governor Lisa Cook from her position. This follows a June Supreme Court ruling that previously blocked a dismissal attempt on procedural grounds.

In August 2026, the White House, via Deputy Chief of Staff Dan Scavino, notified Cook of the administration’s intent to consider her removal. The administration cited allegations of mortgage fraud, claiming Cook improperly listed properties in Ann Arbor, Michigan, and Atlanta, Georgia, as primary residences to secure better mortgage terms. The administration argues these alleged financial misconducts constitute “cause” for removal under federal law.

Cook and her legal team have denied all allegations, describing them as “baseless” and a “manufactured pretext” designed to undermine the independence of the Federal Reserve from executive influence. While National Economic Council Director Kevin Hassett characterized the dispute as a law enforcement matter, Cook’s counsel indicated they intend to challenge the move.

Entities

Federal Reserve · Donald Trump · Lisa Cook · Donald J. Trump · Bill Pulte

Timeline

  1. about 8 hours ago

    [BUSINESS] 3 sources
    Federal Reserve Governor Lisa Cook faces renewed removal effort by White House

    The White House is attempting to remove Federal Reserve Governor Lisa Cook following a Supreme Court ruling, citing allegations of mortgage fraud that Cook denies.

  2. 4 days ago

    [BUSINESS] 54 sources
    Lisa Cook: Trump renews attempt to fire Federal Reserve Governor

    The Trump administration has restarted efforts to fire Federal Reserve Governor Lisa Cook, citing unproven mortgage fraud allegations and giving her 21 days to respond following a previous Supreme Court block.

Sources

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