Fed Governor Cook Pushes Back as Trump Seeks Ouster Over Mortgage Claims

Federal Reserve Governor Lisa Cook rejected President Trump’s attempt to remove her over mortgage‑fraud allegations, saying there is no legal basis to oust a Fed governor for political reasons. The White House had warned of removal, but a June Supreme Court ruling had already blocked firings at will, underscoring the Fed’s independence. Cook’s lawyers argued the accusations are a pretext to influence policy, as the broader clash between the executive branch and the Fed continues amid past investigations related to Powell’s tenure that were ultimately dropped.