Trump Relaunches Bid to Remove Fed Governor Lisa Cook

1 min read
Source: Axios
Trump Relaunches Bid to Remove Fed Governor Lisa Cook
Photo: Axios
TL;DR

The White House is reviving an unprecedented move to remove Federal Reserve Governor Lisa Cook, sending her a notice that the President is considering removal and giving her 21 days to respond to mortgage-fraud allegations. The letter cites 'cause' and follows a Supreme Court ruling that blocked a prior removal attempt for lack of due process, aiming to satisfy due-process requirements. The deadline is August 26, and Cook's lawyers say the allegations are baseless and will be contested.

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